Boots Properties has shown its faith in the retail warehousing market by making a £4.23m forward purchase of a three-unit scheme at Brighton Road, Redhill.
The sale of the Appleyard Group development reflected a net yield of 8.76%.
In another retail warehouse deal, Boots paid Conlon Construction £615,000 for a store on Omskirk Road, Wigan, giving an initial yield of 8.5%. Matthews & Goodman acted for Boots on both deals.
The deals follow the recent £2.3m forward funding by AGF Insurance for phase two of St Edmundsbury Retail Park in Bury St Edmunds, Suffolk.
