Peer Group has bought a retail parade in Harlow, Essex, from Stockland and Anglo Irish Bank for £9.2m – a 9.3% net initial yield.
The asset comprises 27 shops totalling 53,300 sq ft and incorporates 2-24 Terminus Street, 1A-21 Broad Walk, 29 Eastgate and 1-5 East Walk. Current tenants including Greggs, Virgin Media, Holland & Barrett and Ernest Jones. The annual passing rent equates to £897,105 pa.
Savills advised Peer; Jackson Criss acted for Stockland/Anglo Irish Bank.
annabel.dixon@estatesgazette.com
