Edgerley Simpson Howe LLP

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Recent investment Transaction

London Metric purchases Trostre South Retail Park in Llanelli.

24th October 2014

London Metric has purchased the Trostre South Retail Park in Llanelli for £12,770,000 reflecting a net initial yield of 6.75%. The park is located immediately opposite the Parc Trostre and is let to B&Q, Pets at Home and KFC with a single vacant unit. Lease expiries are between 2025 and 2030 with rents on the retail units of £10.50 - £13.50 per sq ft. The park has a non-food bulky goods planning consent. There are a number of asset management initiatives that can be considered to drive rental and capital growth. ESH advised London Metric. Harvey Spack Field advised the vendor. Please contact Nick Howe at ESH for further details.