Hereford Retail Park Acquired By Cordea Savills

January 27, 2015

Clients of Harvey Spack Field have sold the freehold interest in Brook Retail Park, Hereford to Cordea Savills, represented by ESH for £5.6 million reflecting a net initial yield of 6.39%.

The 31,411 sq ft park is let to Lidl, Poundworld, Pets At Home and Poundstretcher off an average rent of £12 per sq ft and with a weighted average unexpired lease term of over 9.1 years.

 

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