Leicester property investment firm in £5.1m retail swoop
Custodian REIT, the Leiceseter property investment company, has bought a retail development in Birmingham for £5.1m.
The company has acquired the 23,007 sq ft Wells Green Retail Park in Sheldon, five miles from Birmingham city centre. The site is made up of three units occupied by Dreams, Pets at Home and Halfords, with nearby retailers including Morrisons, Tesco, Topps Tiles and Aldi.
The units' leases expire on 28 September 2022, 26 September 2026 and 28 September 2027 respectively, with a total passing rent of £361,037 per ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...