Knight Frank Investors Buys Retail Park In Bury St Edmunds From Standard Life Investments

August 27, 2012

Lancashire County Council Pension Fund, managed by Knight Frank Investors has bought the freehold interest in the St Edmundsbury Retail Park in Bury St Edmunds from Standard Life Investments. The purchase price of £18,665,000 reflects a net initial yield of 6.89%.

The scheme is the dominant retail park in Bury St Edmunds, located adjacent to Sainsbury’s, and comprises approximately 97,600 sq ft let to Homebase, Dunelm, Pets at Home, Carpetright and Dreams. Lease expiries range from 2014 to 2026 and rental levels are between £10 – £20 per sq ft.

The investment is one of the few traded in recent times that generated competitive bidding from the main institutional market.

Knight Frank Investors were advised by Montagu Evans.

Standard Life Investments were advised by Edgerley Simpson Howe LLP.

 – ends –

Latest News

Strategically located 343,000 sq ft Cambridge Discovery Campus given go ahead by planners

April 18, 2024 - 11:07

Resolution to grant permission for new science and innovation campus to the south of Cambridge city Property investment and development company, Bridgemere, in conjunction with Foundation Capital Vent[...]

+ Read More


April 8, 2024 - 14:24

IPIF, advised by Haslams Surveyors and Cushman & Wakefield, has achieved two lettings totalling over 22,500 sq ft at its Millars Business Park at Fishponds Close, Wokingham. There are now only two[...]

+ Read More

Redevco and SFP launch ‘Next Gen Stays’ Iberian Hotel Joint Venture with Portfolio Target of c. €300 Million

March 25, 2024 - 11:07

Redevco and Swiss Finance & Property Group (SFP Group) have formed an Iberian hotel Joint Venture. Following a first close, a fund managed by SFP has indirectly taken a majority stake in ‘Next G[...]

+ Read More



+44 (0)20 7647 4420


Wren House, Garden Close Lane, Newbury RG14 6PR