Edgerley Simpson Howe LLP

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Recent investment Transaction

Retail Park sold in Camarthen

16th October 2011

GE Pension Fund, advised by Cordatus Partners and Edgerley Simpson Howe, have disposed of the Aldi and Home Bargains in Carmarthen to Palmer Capital for £3.95 million. The capital value reflects a net initial yield of 7.03%.

The property comprises 26,169 sq ft let to Aldi for a further 8 years and Home Bargains for a further 10 years. The rents reflect £9.20 - £12.33 per sq ft. Aldi has a minimum uplift in 2014 which takes the yield to 7.5%.

Aldi has a food/bulky goods planning consent. Home Bargains has an open A1 non-food planning consent.

Palmer Capital were advised by Andrew Thomas and GVA Grimley.

For further information please contact Michael Radcliffe.