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Recent investment Transaction

Cordea Savills Purchases Brook Retail Park, Hereford for £5.6million. - Jan '15

23rd January 2015

Cordea Savills, advised by ESH, purchased Brook Retail Park, Hereford in January 2015 for £5,600,000 reflecting 6.39% net initial yield. The property is fully let to Lidl, Pets at Home, Poundstretcher and Poundworld at a combined annual rent of £378,609 and has a WAULT to break of approximately 7.5 years. The 31,200 sq. ft. retail park has an open A1 planning consent with certain exceptions.