Case studies.

Client Aberdeen Asset Management
Location Chippenham

Out of town expertise secures retail park

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’. 

Out of town expertise secures retail park