Salmon Harvester Acquires Cathedral Plaza, Worcester And Signs DW Sports As First New Tenant

June 24, 2013

Salmon Harvester Opportunity Fund (SHOF) has acquired Cathedral Plaza, a 130,000 sq ft (12,077 sq m) retail block in Worcester city centre from Land Securities for £23.15 million.

It has also signed DW Sports in the space previously occupied by JJB Sports

Cathedral Plaza, whose existing tenants include H & M, Next, Arcadia, Monsoon and White Stuff, generates a current rental income of £2.3million pa.

Matthew Meaden, Fund Manager at SHOF comments: “This is our second major retail acquisition in the last twelve months, having bought St Andrew’s Square in Droitwich Spa last year. We are already advanced with plans for a refurbishment of part of Cathedral Plaza to provide further modern restaurant and retail units.”

Salmon is expected to submit a planning application later this year.

Cathedral Plaza includes 4/23 High Street, 4/18 Pump Street and 1/10A College Street, located within the pedestrian section of the High Street, opposite Worcester Cathedral.

Hoddell Stotesbury Morgan advised Salmon Harvester on the purchase.

DMR, Hartnell Taylor Cook and Johnson Fellows are retained as letting agents.

-Ends-

 

Latest News

BLUEBOOK EXPANDS AGENCY TEAM

May 10, 2021 - 09:41

London Office specialist Bluebook has expanded its agency team with the recruitment of Tor Cuming and Ollie Pardoe from Avison Young and Cluttons respectively. Tor joins as an Associate and Ollie as a[...]

+ Read More

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR