St Modwen is selling its £150m regeneration development of Great Homer Street in Liverpool.
The 83,000 sq ft new-build multi-let development, which is located 1.5 miles north of Liverpool city centre, has been prelet to national retailers including B&M, Home Bargains, Gym Group, Greggs, Subway, Card Factory and Domino’s.
St Modwen has instructed Colliers International to market the opportunity and is seeking offers of £15.5m – a 6.5% yield.
Tom Edson, head of out-of-town investment in Colliers International’s retail capital markets team, who is managing the sale, said: “This regeneration will create a new hub of activity in north Liverpool, acting as a catalyst for wider redevelopment. 26,600 vehicles pass the scheme each day, equating to circa 9.7m annually, so the potential footfall at the scheme will be particularly enticing for investors. Out-of-town retail units of this size and with such well-connected transport links don’t come onto the market too often, making it an excellent investment opportunity.”
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