London Metric, advised by ESH, have successfully completed the purchase of a solus retail warehouse investment at Westwood Cross in Thanet from abrdn.

The unit is let to DFS for over 9 years and the price of £3.785m reflected a net initial yield of approximately 6.75%.

Mayfair Capital, represented by ESH, purchased The Place Retail Park in Milton Keynes for a price of £20,400,000. The asset was sold off market by Quadrant Estates/Tristan Capital.

The 66,756 sq ft scheme is let to DSG, American Golf, Aldi and Starbucks at an average rent of £17.52 per sq ft. WAULT 7.28 years to break and 9.98 years to expiry.

Abrdn, represented by ESH, have disposed of the Go Outdoors in Coventry for £4,500,000. The purchaser was a Private Property Company.
The property extends to approximately 48,813 sq ft and is let to Go Outdoors until January 2031, at a recently rebased rent of £7.38 per sq ft. WAULT 4.5 years to break and 9.5 years to expiry.

ESH have advised CBRE Investment Management on the sale of Pelican Retail Park in Rayleigh to CBRE Capital Advisors for £15,025,000.

The scheme comprises approximately 50,205 sq ft at an average rent of £20.10 per sq ft. The scheme is let to Wickes, Pure Gym, Pets at Home, Bensons for Beds and McDonalds. WAULT of 6.1 years to break and 7 years to expiry.

Edgerley Simpson Howe advised abrdn on the sale of Interchange Retail Park Phase 2 in Bedford to Mayfair Capital for £14,900,000.

The 77,255 sq ft subject property is let to SCS, Dreams, The Range, Simply Gym, Burger King and KFC.

Edgerley Simpson Howe have advised their client on the disposal of Russell Street Retail Park in Darlington for a sale price of £1,800,000. The purchaser of the asset was London Cambridge Properties.

The scheme is let to Halfords and BHF Homestore at an average rent of £8.50 per sq ft, with a WAULT of 5 years to break and 7.5 years to expiry.