Edgerley Simpson Howe are thrilled to have been appointed by Surrey County Council (Halsey Garton Property Investments) as sole agent on Willowbrook Retail Park, Loughborough.

The Retail Park at over 100,000 sq ft of purpose built accommodation forms the largest multi-let retail warehouse scheme in the town and is let to occupiers including B&M, The Range, Pets at Home, Halfords, Dreams & Bensons for Beds. ESH will be responsible for delivering the Council’s medium/ longer term asset management initiatives across the scheme as well as advising on existing leasing opportunities such as the c.6,150 sq ft retail warehouse and the solus 3,700 sq ft restaurant unit.

For further information on the opportunities available across the Park please contact Tim Hornor/ Giles Pickford.

Advised by ESH, Ellandi have continued to deliver on a progressive asset management strategy with a number of retailers committing to the scheme longer term. In just over 12 months since taking control of one of the UK’s principle Shopping Parks – Parkgate Shopping Park, Rotherham – Ellandi have completed lease extensions/ renewals with tenants including Matalan, New Look, TK Maxx, H&M, Pets at Home, German Doner Kebab and Cancer Research with further renewals currently under offer along with new leasing transactions, which will add to the already diverse tenant mix.

For further information on the opportunities available across the Park please contact Adam Patrick/ Chris Fenton.

Mayfair Capital’s Property Income Trust for Charities (PITCH), represented by ESH, have disposed of Border Retail Park in Wrexham for a sale price of £10,500,000 to Waypoint Essential Stores Limited Partnership (WESLP). This price reflected a NIY of 6.89%. Mason & Partners acted for the purchaser.

The asset consists of 64,800 sq ft purpose-built retail warehouse units let to B&M, Wickes and Jollyes and a Burger Drive Thru on a current passing rent of £777,815 per annum. The scheme has a WAULT of 6.73 years to expiry and 6.10 years to break.

ESH are delighted to have represented David Samuel Properties on the purchase of Wrexham Central Retail Park for a price of £9,610,000, reflecting 8.2% NIY. The vendor, Aviva, was represented by JLL.

The park consists of some 84,000 sq ft occupied by Dunelm, B&M, Pure Gym, SCS, Banana Bens and Pizza Hut, alongside around 5,200 sq ft of office space let to a Wealth Management firm.

The total passing rent is £839,692 per annum with a WAULT of 6.5 years to expiry and 5.2 years to break.

McCarthy Stone, solely advised by ESH have exchanged and completed on the purchase of a 2.25 acre site in Andover, Hampshire. The site, which was purchased unconditionally will comprise circa 62 Retirement Living Plus C2 apartments, coupled with an 80 bed care home, car parking and communal gardens.

The transaction was completed within 8 weeks of solicitors being instructed and represents site no.11 of the year for the Southern Division.

More land wanted.

ESH are pleased to have acted for Columbia Threadneedle Investments in the purchase of Cortonwood Retail Park.

The Freehold scheme is very well located in an out of town destination with critical mass. The park itself has transitioned from a ‘shopping park’ to a more fit for purpose relevant retailing destination.

The purchase price was £23.8 million. XPROP acted for the seller.