South East discount retail park acquired in forward commitment by KFIM

Knight Frank Investment Management, advised by ESH, have completed on the development of an Aldi and Home Bargains on Beacon Hill Road in Fleet. The purchase was a forward commitment with the tenants due to be open and trading shortly.

Upon completion Aldi will be secured for a term of 20 years and Home Bargains 15 years with an average rent of £17.78 per sq ft. The price paid was £10.975 million. Lewis & Partners and Avison Young acted for the developer.