The 135,734-sf retail park is in a well established prime retail warehouse location which is the main out of town shopping destination for the east side of London. It is fully let to PC World; Currys; DFS; Boots; JD Sports; Klaussner; SCS; Argos; Carpetright and Pizza Hut.
The average current passing rent is approximately £20.10 ($33) per sf, which means the purchase price of approximately £63.6 million ($104 million) represents an initial yield of just 4.07%. However, the majority of the rent reviews due this year giving an equivalent yield of 5.75%.
King Sturge advised Morley Fund Management and Edgerley Simpson Howe & Partners advised Isis Property Asset Management.
© 2025 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.
