X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Grantchester has completed the sale of Phase II of its Parc Tawe, Retail Warehouse Parc, Swansea, which consists of approximately 117,000 sf of open A1 non-food retail warehousing.

The investment has been acquired by Aberdeen Asset Managers on behalf of Scottish Provident Institution at a purchase price of £21.75 million, which based on the current income shows an initial yield of approximately 6%.

Occupiers on the park include Homebase, Lidl, the Outfit, Roseby’s, TIME Computers, JD Sports, Pets at Home and JJB Sports, producing a total income of just over £1.4 million per annum equating to an average rent of £13.43 per sf.

Rob Jones, joint managing partner of Knight Frank’s Cardiff Office, which advised Grantchester says, ‘The completion of this sale was a positive note for Swansea and reflects confidence by Funds toward Wales and Swansea, in the continuing strength of the retail warehouse sector. Kenneth Peters acted for the purchasers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.