-Neighbourhood Shopping Centre Investment comprising 66,000 sq ft of retail accommodation and a 500 space car park
-Price: Circa £9,750,000
Acting on behalf of Columbia Threadneedle, Fawcett Mead has sold the long leasehold interests in this suburban shopping centre for circa £9.75m to Sheet Anchor Investments, who were represented by JLL
This is a modern, open centre, that occupies a site of approximately 5.50 acres and includes a 500 space car park. The tenants are mostly food, discount or convenience retailers and include: Aldi, Boots, Iceland, Card Factory, Costa Coffee, Anytime Fitness and Greggs.
Richard Bashford commented – “Retail investments such as this remain in high demand due to the nature and variety of the occupiers. The property has proved to be resilient during the covid pandemic, with many of the tenants remaining open, and we felt it offered a purchaser a number of asset management opportunities.”
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