January 2022
ESH represents Fund on the sale of furniture retail park investment
Abrdn, represented by ESH, have disposed the of Winterhill Retail Park in Milton Keynes owned on a Long Leasehold of c.90 years. The prime furniture park investment was purchased by Clearbell for a price of £15,500,000.
The scheme is let to Dunelm, Bensons for Beds, Fabb Furniture, Sofology, NCF Living and Natuzzi at an average rent of approximately £20 per sq ft, with a WAULT to break of 4.75 years.
December 2021
Fully let northern retail park purchased by FPG
FPG, represented by ESH, have purchased the discount food anchored Crossley Retail Park in Halifax. The asset was sold by CBRE IM for a price of £9,350,000.
The scheme is fully let to Aldi, Home Bargains, Halfords, Pets at Home and Iceland at an average rent of £11.57 per sq ft, with a WAULT of 6.5 yrs to break and 7.11 years to expiry.
November 2021
ESH advises on the purchase of South East retail warehouse
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%.
November 2021
Centrally located Milton Keynes retail park purchased off market by Mayfair Capital
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.
October 2021
ESH advises abrdn on sale of West Midlands retail warehouse shed let to UK leading outdoor retailer
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.
October 2021
CBRE IM disposes of DIY anchored Essex retail park
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.
