North West-based investor HIMOR Group has bought the 52,000 sq ft Bramhall Village Square from Everbeech for £5.5m, reflecting a net initial yield of 10.8%.
The shopping and office scheme is located on the outskirts of Stockport, Greater Manchester.
Will Ainscough, managing director of HIMOR, said: “We were pleased to have secured this deal, which was completed off market and is the latest asset in our growing income-producing portfolio. We recognised the potential that this scheme has to offer and as part of our long-term strategy, we plan to undertake a number of improvements that will benefit the scheme and enhance it to complement the popular village in which it is situated.”
daniel.cunningham@estatesgazette.com
