News
Bromsgrove: Bromsgrove Retail Park
XPROP advised IM Properties on the sale of Bromsgrove Retail Park for £13 million, reflecting a NIY of 6.21%. The scheme is occupied by Lidl, Home Bargains, Food Warehouse, Pure Gym and Greggs.
Birmingham, Perry Bar: Wickes Extra
XPROP has advised Somerset West and Taunton Council on the purchase of the Wickes Extra in Perry Bar for £9.25 million, reflecting a NIY of 7.42% in an off-market transaction from Aviva Investors.
Oxford: Templars Shopping Park
XPROP advised Federated Hermes on the acquisition of Templars Shopping Park for £45m from PGIM Real Estate. The scheme sits on a 9-acre site in south east Oxford and comprises c140,000 sq ft.
Falmouth, Penryn: B&Q
The team at XPROP advised BMO Real Estate Partners on the disposal of the B&Q at Kernick Road in Penryn near Falmouth. The property is let for a further 10.5 years at a rent of £12.91 per sq ft.
Ipswich: B&M
The team at XPROP advised BMO Real Estate Partners on the disposal of the B&M at Felixstowe Road in Ipswich. The property is let for a further 8.6 years at a rent of £12.91 per sq ft.
Bedford: B&M
The team at XPROP advised DTZ Investors on the disposal of B&M in Bedford. The property was let for 13.4 years at a rent of £10.00 per sq ft.
Stockton: Stockton Shopping Park
The team at XPROP advised a prop-co client on the purchase of Stockton Shopping Park in Stockton for £9.5 million, reflecting a NIY of 9.40%.