BP INVESTMENT MANAGEMENT PURCHASES THE TAUNTON RETAIL PARK

May 19, 2009

BP Investment Management, represented by Edgerley Simpson Howe & Partners, has purchased the Taunton Retail Park from Aviva. The sale of £17.77m represents an initial yield of 9%.
Current tenants at the 87,800 sq ft park are paying rents of £17 – £20 per sq ft and include; Homebase, Curry’s, PC World, Staples, Comet and Pizza Hut.
Taunton Retail Park forms a part of the main out of town retail offering in Taunton and is located next to Sainsbury’s food store, close to junction 25 on the M5.
Tony Rogers from Edgerley Simpson Howe comments: “The retail park is of great regional significance and trades very well off low rents. BP was quick to identify the potential and moved rapidly to secure the property in competitive circumstances.”
Aviva was represented by Montagu Evans.

Latest News

Despite the slowdown in the residential construction market, RED Company and Redevco are proud to break ground on The BaanTower in Rotterdam

December 4, 2023 - 11:04

On Monday, November 27, the ground-breaking ceremony marked the start of construction for The BaanTower in Rotterdam. The tower will house 427 rental apartments, with 30% falling within the affordable[...]

+ Read More

KLM REAL ESTATE PROMOTES JACK HESKETH TO PARTNER

December 4, 2023 - 11:00

KLM Real Estate has promoted Jack Hesketh to Partner. Jack has been with the business since 2016, working in its retail agency division primarily advising international retail brands and key landlord [...]

+ Read More

THE MALL LUTON TO BE REBRANDED BY NEW OWNERSHIP TEAM

November 14, 2023 - 10:23

Frasers Group, the new owners of Luton’s main shopping destination, The Mall, have announced plans to rebrand the centre as “Luton Point’ to reflect its unique position in the heart of the town.[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR