Fawcett Mead are delighted to have advised LondonMetric on the disposal of their freehold interest in the M&S store at Litten Park, Newport, Isle of Wight.
The store is let in its entirety to Marks & Spencer Plc until 2027, with the rent subject to fixed annual increases of 1.95%.
Jonathan Mills commented "Having advised on the acquisition of this full line M&S for LondonMetric, we were pleased to agree an off market sale and complete the transaction within 5 days of going under offer. Again, this demonstrates the continued appeal of the M&S covenant for which we have a number of investors actively seeking."
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