SPP Investment Management has paid a private client of Allsop & Co £3.5m for British Gas Energy Centre shops in Worcester, Chester and Cambridge.
The properties are held on leases with 16 years remaining, and the deal reflects an average yield of 6.3%
Philip Ingman, SPP’s chief investment officer, said: “We took a view in early 1996 that well-let good sized retail units would be a growth sector. We are confident we shall see an improvement in rents in the near future.”
Healey & Baker advised SPP
EGi News 21/10/96
