ESH, acting for CBRE Investment Management, have completed a series of lease regears and a new letting on every unit at this busy retail park in recent months.  The scheme is situated alongside a Waitrose foodstore and within walking distance of Bury St Edmunds town centre and leisure park.  Both TK Maxx and Halfords have extended their leases by 5 years whilst rebasing their rents to market levels.  Separately our clients have completed a new letting of the former PC World to The Gym Group who’ve taken a 15 year lease on 13,002 sq ft following the landlord obtaining a widened planning consent for gym use on that space.

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.

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.

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.