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-

Latest News

All Latest News

USS SECURES RAFT OF LETTINGS AT LANDMARK READING BUILDING

September 12, 2024 - 11:04

USS, advised by JLL Asset Management, has completed three key lettings at the refurbished No.33 Blagrave Street, that will bring new occupants into Reading town centre. The deals were done jointly by [...]

+ Read More

PICTON LETS PRIME BRACKNELL INDUSTRIAL UNIT TO RICHFORDS

August 12, 2024 - 10:06

Picton, advised by Haslams Surveyors LLP and Colliers, has let the 22,205 sq ft Unit 2 Zenith in Downmill Road, Bracknell to Richfords Fire and Flood. Richfords, the fire and damage and restoration sp[...]

+ Read More

NEW REAL ESTATE ASSET AND DEVELOPMENT MANAGEMENT BUSINESS LAUNCHED

August 12, 2024 - 10:02

One of the UK’s best known retail property asset managers has established a new operating platform. Sabri Marsaoui, who worked previously for Capital & Regional and Crosstree Real Estate Partner[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR

EMAIL

ian@porterfield.co.uk