Valad sells B&Q stores in Thetford and Sudbury and a 99p store in Frome to Triple Jersey Limited for £9,300,000 reflecting a blended net initial yield of 7.76%.

All properties had approximately a 7 year unexpired term and a combined rental income of £763,884 per annum.

ESH advised Valad.

Iceland has taken 10,504 sq ft of a subdivided former Comet store on a new 15-year lease and will pay a rent of £12.38 per sq ft while Pets At Home has signed a 10-year lease on the other 10,501 sq ft of the store.

Poundworld Retail has leased a 10,555 sq ft unit to open its new multi-price format Bargain Buys at a rent of £12.50 per sq ft on a10-year term. Sport Direct has also signed up for 12,511 sq ft on a 10-year lease at £11 per sq ft

Tom Elviss of Aberdeen Asset Management said: “After experiencing the disappointment of 3 tenants entering administration in close succession in early 2013, it is a fantastic turnaround, that we are now fully let with such a strong tenant line up. Their long term commitment to Kingsway Retail Park is great news for the local community”.

The other retailers on the park are Asda, The Range and McDonalds.

Mason Owen advised Iceland; Pets At Home was represented by Curson Sowerby and Francis & Company acted on behalf of Poundworld Retail.  Sports Direct were unrepresented.

Blackrock, advised by ESH, has sold its London Road Retail Park in Hemel Hempstead to Knight Frank Investors for £15.2 million.

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

Clients of Aviva Investors have sold the Centaurus Retail Park at Cribbs Causeway, Bristol for £47.15 million, representing a net initial yield of 5.53%. ESH advised Aviva.

The 81,751 sq ft retail park, which has been purchased by NFU Mutual Insurance Society generates an annual rental income in excess of £2.7 million.

The retail park is fully let and occupiers include Carpetright, TK Maxx, Tesco Homeplus, Maplin, Hobbycraft and Dreams. Current rents range from £31.58 to £43.58 per sq ft.

Located close to Junction 17 of the M5, the scheme is adjacent to the Mall at Cribbs Causeway regional shopping centre and includes a terrace of four retail warehouse units ranging from 5,194 sq ft – 30,886 sq ft and a further two units, totalling nearly 30,000 sq ft.

A client of Aberdeen Asset Management has acquired Chippenham Retail Park, Chippenham, Wiltshire from private development company Foinavon for £11.234 million.

The 43,315 sq ft scheme comprises three retail warehouse units let to Wickes, Pets At Home and B&M Bargains with an average weighted unexpired lease term of 8.5 years. The current rent roll is £691,463 a year and the purchase reflects a net initial yield of 5.82%.

Matthew Cunliffe of Aberdeen Asset Management says: “Chippenham Retail Park offers superb rental and capital growth potential and is located prominently in an area earmarked for future housing development.”

ESH advised Foinavon.

The 220,000 sq ft Cambridge Retail Park has been bought from German investor Deka Immobilien for £109m.

Built in three phases between 2000 and 2007, the retail park currently has a roster of leading retailers such as Argos, Harveys, Boots, Currys and PC World, Burton, Dorothy Perkins, Evans, Furniture Village, Halfords, Homebase and Sports Direct. Standard Life Investments was advised by Edgerley Simpson Howe