Acting on behalf of Legal & General Real Assets, Fawcett Mead has sold the long leasehold interest in 56-64 Broadmead and 41-45 Merchant Street in Bristol to AEW UK Core Property Fund. The property occupies a prominent corner site in the heart of Bristol’s central shopping area and comprises approximately 22,000 sq ft. It is fully let to tenants including Vodafone, EE and Ann Summers, and has a WAULT of 6.25 years. The purchase price of £6.7m reflected a NIY of 8.10%.
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