Circle Property Plc, advised by ESH, have
disposed of Baildon Bridge Retail Park in Shipley, West Yorkshire. The scheme
is let to B&M, Topps Tiles & Sue Ryder across 37,175 sq ft at a total
annual rent roll of £382,002. The WAULT at the time of sale was approximately
6.5 years to breaks. The price achieved was £4.6 million, reflecting a net
initial yield of 7.79%.

Superdrug have taken a 10 year lease on unit 9 at Banbury Gateway Shopping Park. The unit comprises of 6,000 sq ft.

Superdrug join M&S, Primark, Next, Fat Face and others
on the scheme which is located just off Junction 11 of the M40.

Nicole Campbell, Asset Manager for Banbury Gateway, said she is delighted to be able to welcome Superdrug to the shopping park. “Here at Banbury Gateway, fashion and beauty is
a huge attraction for us with Primark, M&S and Next, so Superdrug will be a welcome addition for our shoppers.

“We look forward to welcoming Superdrug to Banbury Gateway on Friday 22 March and we wish the team the best of luck with the opening.”
Mason and Partners advised Superdrug. ESH and Avison Young advise The Crown Estate.

Barker & Stonehouse Sale and Leaseback

On behalf of Barker & Stonehouse, ESH have sold a sale
and leaseback opportunity to a private investor. The retailer has signed a 10
year lease on its Outlet unit in Marsh Street, Middlesbrough.

Aberdeen Standard Investments
Sells Foodstore and district centre in Altrincham

Aberdeen Standards Investments has
sold the freehold interest of the Waitrose & Partners foodstore, Altrincham
to a Council purchaser for £11.65m, reflecting a NIY of 5.15%. The property on
Draybank Road in Broadheath extends over 39,000 sq. ft. GIA and also features
six self-contained shop units let to a variety of occupiers.

ESH acted for Aberdeen
Standard Investment and ADSRE acted for the purchaser.

Travis Perkins Properties Ltd dispose of Farnborough holding.

Travis Perkins Properties Limited have sold their long leasehold interest site occupied by Dunelm and Wickes on Invincible Road, Farnborough.

Since their acquisition of the site in early 2015, Travis Perkins Properties Limited have totally refurbished the scheme. Wickes have downsized from their previous occupation and the
surplus of approximately 19,000 sq ft has been let to Dunelm (Soft Furnishings) Limited on a 10 year lease, with circa 8.5 years remaining at the time of sale.
The other unit is let to Travis Perkins’ owned business, Wickes Building Supplies Limited, who have re-committed to the location on a new 20 year lease from the date of sale with a tenant break at year 10.

The asset was sold to clients of Hurst Warne for a price of £11.00 million, reflecting a net initial yield of 5.5%.

ESH advised Travis Perkins Properties Limited on the sale

Ashby DLZ (Aug 2017 &
Dec 2018)

ESH advise a private client on the Forward Funding of
M&S and B&M in Ashby-de-la-Zouch

A new 11,000 sq ft M&S Foodhall opened in October 2017
and was funded by a Private Client of ESH. The tenant took a new 20 year lease
with a break option in year 15 at a rent of £220,000 per annum.

Phase 2 of the site was granted full planning permission for
a 20,000 sq ft B&M store in October 2018. The same Private Client of ESH
has agreed to also fund this phase of the development which will see B&M on
a 15 year lease at £300,000 per annum.