Edgerley Simpson Howe LLP

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Recent investment Transaction

Mayfair Capital done with Dunelm, Birmingham

15th November 2011

Mayfair Capital, advised by ESH, have sold the 24,780 sq ft Dunelm in Middleway, Birmingham for £4 million to Henderson Global Investors. The purchase price reflects a net initial yield of 7.44%.

The property is prominently located on the city centre ring road and benefits from an open A1 non-food planning consent. The rent is £314,670 per annum, equating to £12.70 per sq ft and there is approximately 8 years unexpired.

Gerald Eve advised Henderson.

For further details contact Michael Radcliffe.