Edgerley Simpson Howe LLP

S - Skip to Page Content

Recent investment Transaction

Blackrock Sells Hemel Hempstead Retail Park

27th November 2014

Blackrock, advised by ESH, has sold its London Road Retail Park in Hemel Hempstead to Knight Frank Investors for £15.2 milion, reflecting a net initial yield of 5.61%. The 36,263 sq ft retail park is fully let to Halfords, Staples, Pets At Home and McDonalds on leases expiring in 2022. The average rent is £25.75 per sq ft. MaClaren Associated advised Knight Frank Investors. For further information please contact: Ian Purvis, Porterfield PR on 020 7647 4420 or email ian@porterfield.co.uk