Henderson UK Property Trust sells Welsh retail warehouse

  Henderson Global Investor’s UK Property Unit Trust has sold a retail warehouse in Cwmbran, Wales, to Prego Estates for £3.8m.   The 35,000 sq ft site, which is let to Homebase, is located at the entrance to the town centre and provides an income of £320,827 a year.   Henderson added its fund had also sold Havant Retail Park, to Ankers & Rawlings, at a price of £5.15m.   Marcus Langlands Pearse, co-fund manager for the Henderson UK Property Unit Trust said: “The disposals are in line with the fund’s strategy, disposing of shorter income and more secondary properties and recycling the money towards longer income prime assets.   “The fund continues to perform well having grown in capacity from £683m to £822m, since Henderson took it over last year.   “We remain on target to maintain our high income distribution yield for investors and continue with our track record of outperformance.”   On both sales, Savills acted for the Henderson Trust. Eagle Land acted for Prego Estates and Lambert Smith Hampton acted for Anker’s & Rawlings.   nathan.cross@estatesgazette.com   To access all EGi news stories and commercial property data sign up for a free trial today, or visit the subscription options page to find out more.