Blackrock Sells Hemel Hempstead Retail Park

December 3, 2014

Blackrock UK Property Fund, advised by ESH, has sold its London Road Retail Park in Hemel Hempstead to Knight Frank Investment Management for £15.2 million, reflecting a net initial yield of 5.61%.

The 36,263 sq ft retail park is let to Halfords, Staples, Pets At Home and McDonalds on leases expiring in 2022. The average rent is £25.75 per sq ft.

MacLaren & Partners advised Knight Frank Investors.

 

-Ends-

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