SWIP Purchase DSG Retail Ltd, Christchurch

Scottish Widows Investment Partnership, advised by Edgerley Simpson Howe LLP, have acquired the DSG Retail unit at Stony Lane, Christchurch in the sum of £3.62 million reflecting a net initial yield of 7.51%.

The 18,090 sq ft unit is let to DSG Retail at a rent of £287,000 per annum exclusive with an unexpired lease term of 11 years.

Jamie Naughton comments ‘This purchase was an opportunity to extend SWIP’s existing holding in the town, which will create further asset management opportunities’.