GCW

S - Skip to Page Content

Retail Property Consultants

T:020 7408 0030

Investment SalesMenu

Case Studies

Out of town expertise secures retail park

Photograph

GCW used its out of town expertise to secure the acquisition of Chippenham Retail Park for a client of Aberdeen Asset Management in a competitive market.

GCW introduced the 43,315 sq ft retail park opportunity to the investor. The scheme comprises three retail warehouses let to Wickes, Pets At Home and B&M Bargains in a well-let, prominent and well-configured retail park.

 

GCW then provided subsequent due diligence advice within a short period resulting in a successful bid in a competitive bidding scenario. GCW produced a purchase report and guided the client through acquisition from private development company Foinavon for £11.234 million. The investment has an average weighted unexpired lease term of 8.5 years. The rent roll is £691,463 pa and the purchase reflects a net initial yield of 5.82%.

 

Aberdeen Asset Management subsequently confirmed its satisfaction with the acquisition showing ‘superb rental and capital growth potential’. 

Contacts

  • Fiona Nichols
    • 020 7647 4809
    • 07817 676763
Back to List
Investment