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Recent investment Transaction

Canterbury Retail Park sold - September '13

18th September 2013

Riverside Retail Park, in the Wincheap area of Canterbury adjoining the M2, has been sold by a client of Cornerstone Real Estate Advisers to Mayfair Capital Property Unit Trust. The park is let to B and M, Pets at Home and Staples, with unexpired lease terms of between 9 and 14 years. The purchase price of £8.514m reflected a net initial yield of 7%. Edgerley Simpson Howe LLP acted for Cornerstone, whilst MCPUT were advised by CWM. For further details contact Tony Rogers.