M7 acquires fully let South East retail park

St Peter’s Wharf Retail Park in Maidstone was purchased by M7 for £19,700,000. The scheme comprises of 93,685 sq ft fully let to Asda Living, Hobbycraft, TK Maxx and The Range at an average rent of c.£18.20 per sq ft. Vendor was CBRE IM.

Maidstone is a popular commuter town with easy access to London. The asset is located in close proximity to the town centre, with neighbouring occupiers including Travelodge and Wickes.