Blackrock Sells Hemel Hempstead Retail Park

Blackrock, advised by ESH, has sold its London Road Retail Park in Hemel Hempstead to Knight Frank Investors for £15.2 million.

Blackrock, advised by ESH, has sold its London Road Retail Park in Hemel Hempstead to Knight Frank Investors for £15.2 milion, reflecting a net initial yield of 5.61%. The 36,263 sq ft retail park is fully let to Halfords, Staples, Pets At Home and McDonalds on leases expiring in 2022. The average rent is £25.75 per sq ft. MaClaren Associated advised Knight Frank Investors. For further information please contact: Ian Purvis, Porterfield PR on 020 7647 4420 or email ian@porterfield.co.uk