Scottish Widows Purchases DSG Unit in Christchurch

July 5, 2011

Scottish Widows Investment Partnership, advised by Edgerley Simpson Howe, has acquired the DSG Retail unit at Stony Lane, Christchurch for £3.62 million, reflecting a net initial yield of 7.51%.

The 18,090 sq ft unit is let to DSG Retail at a rent of £287,000 pa with an unexpired lease term of 11 years.

Jamie Naughton comments ‘This purchase was an opportunity to extend SWIP’s existing holding in the town, which will create further asset management opportunities’.

Harvey Spack Field advised the private vendor .

 –          Ends –

Latest News

ORFORD HOUSE, NORWICH COMES TO THE MARKET

March 2, 2021 - 12:32

GCW, on behalf of a private landlord, has launched a prime flagship building in Norwich to the market. The former Debenhams store, named Orford House, is available for sale or lease and is offered as [...]

+ Read More

H&M COMMITS TO LONG TERM FUTURE AT SOVEREIGN CENTROS’ ST. ENOCH CENTRE

March 2, 2021 - 10:58

Sovereign Centros has signed a new 10-year deal with leading fashion retailer H&M, for its 32,000 sq ft store at the St. Enoch Centre in Glasgow. H&M is the latest in a long line of tenants to[...]

+ Read More

IV REAL ESTATE TRANSFORMS TWO BRISTOL OFFICE BUILDINGS

March 1, 2021 - 10:01

IV Real Estate has completed the refurbishment of two prime office buildings in Bristol city centre. Practical completion of 41 Corn Street and the adjoining Gilbert House has now been reached followi[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR