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170,000 sq ft City Investment Purchase

Client: DTZ Investors
MMX Retail acquired two buildings, totalling 170,000 sq ft, on the Northgate Quarter in Oxford and was then involved in the subsequent lettings and rent reviews.
Oxford Northgate

The Brief

On behalf of DTZ Investors, MMX Retail separately acquired two buildings on the Northgate Quarter in Oxford.

The property comprises ground floor retail units spanning 50,000 sq ft, let to Schuh, Sainsburys, Tesco, Cosmo, and at the time a Debenhams department store occupying 120,000 sq ft above.

The Result

Following the purchase, MMX was retained as sole advisors on this asset and was successful in driving the rental tone forward and improving the unexpired lease profile, through both rent reviews on the Tescos and Sainsburys, together with new lettings to the likes of Wendy's, Tiger and Turtle Bay.

Key Stats

Investment Purchase Price
Net Initial Yield

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