Durham: Durham City Retail Park
XPROP advised Columbia Threadneedle Investments on the acquisition of Durham City Retail Park. The scheme is fully let with average rents of £12.46 per sq ft.
The scheme is fully let to ‘covid resilient’ tenants including B&Q, B&M, Dunelm, Currys PC World, Wren Kitchens, Dreams, Argos, Sports Direct and KFC at a low and affordable average rent of £12.46 per sq ft. The property benefits from a long AWULT of 8.8 years to lease expiry, with 73% of the contracted rent having been let or re-geared in 2020-21.