ESH have advised CBRE Investment Management on the sale of Pelican Retail Park in Rayleigh to CBRE Capital Advisors for £15,025,000.

The scheme comprises approximately 50,205 sq ft at an average rent of £20.10 per sq ft. The scheme is let to Wickes, Pure Gym, Pets at Home, Bensons for Beds and McDonalds. WAULT of 6.1 years to break and 7 years to expiry.

Edgerley Simpson Howe advised abrdn on the sale of Interchange Retail Park Phase 2 in Bedford to Mayfair Capital for £14,900,000.

The 77,255 sq ft subject property is let to SCS, Dreams, The Range, Simply Gym, Burger King and KFC.

Edgerley Simpson Howe have advised their client on the disposal of Russell Street Retail Park in Darlington for a sale price of £1,800,000. The purchaser of the asset was London Cambridge Properties.

The scheme is let to Halfords and BHF Homestore at an average rent of £8.50 per sq ft, with a WAULT of 5 years to break and 7.5 years to expiry.

A managed fund of Abrdn, represented by Edgerley Simpson Howe, have disposed of the long leasehold interest in Augustin Retail Park in Grantham for £3,800,000.

The property extends to 32,606 sq ft of flexible retail warehouse space let to Next, Sports Direct, Iceland, Poundland and Pets at Home. The rent range is from £11 – £18 per sq ft and the purchaser will receive an initial return of approximately 8.5%.

St Peter’s Wharf Retail Park in Maidstone was purchased by M7 for £19,700,000. The scheme comprises of 93,685 sq ft fully let to Asda Living, Hobbycraft, TK Maxx and The Range at an average rent of c.£18.20 per sq ft. Vendor was CBRE IM.

Maidstone is a popular commuter town with easy access to London. The asset is located in close proximity to the town centre, with neighbouring occupiers including Travelodge and Wickes.

M7 Real Estate, advised by Edgerley Simpson Howe, have purchased Paddocks Retail Park in Weybridge.

The scheme comprises 21,903 sq ft let to Argos and Currys PC World at £33.28 per sq ft. M7 bought for a purchase price of £8,000,000. The asset was sold by Aviva Investors.

The asset is prominently located on Sopwith Drive with a Lidl foodstore adjacent. The site is surrounded by Brooklands Estate, a dominant M&S and Tesco.