Mercia Portfolio
Price: £17,200,000 - Initial Yield:6.95%
Date: Q2 2016
Acting on behalf of Aberdeen Asset Management we advised on the sale of the Mercia Portfolio to George Capital for £17.20m reflecting a net initial yield of 6.95%.
The portfolio benefits from a diverse spread of asset classes consisting of hotels, retail, retail warehousing and leisure. Two of the assets are located in Birmingham and three in the Midlands centres of Nottingham, Derby and Sutton-In-Ashfield. The portfolio was let to 15 tenants in total who are all in occupation providing an AWULT of 10 years to expiry and 9.3 to break. Tenants included Tesco, Travelodge, Halfords and Pets at Home.
Contact
Jeff Ellis
Tel:
020 7493 3330
Mob:
07775 582 719
jellis@lewisellis.co.uk
John Ellison
Tel:
020 7493 3330
Mob:
07889 437 236
jellison@lewisellis.co.uk
James Elkington
Tel:
020 7493 3330
Mob:
07810722459
jelkington@lewisellis.co.uk
