Arun Retail Park occupies a prominent site in the town's main out-of-town retail location and next to the Tesco superstore on the western side of the A29 Shripney Road. The tenants on the 84,289-sf retail warehouse park include B&Q, Scottish Power, Comet, Carpetright, Kwik Fit and Burger King. The passing rents of £9.77 to £10.63 ($13.87 to $15.09) per sf are considered reversionary.
FPDSavills and Edmund Kirby advised the vendor, the Merseyside Pension Fund and Insignia Richard Ellis represented BBC Pension Trust.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.