CBRE Global Investors has completed the acquisition of four retail properties across the UK for a combined total of £20m.
This includes two supermarkets, a 36,313 sq ft property in Limervady, Northern Ireland, let to Tesco, and a 41,100 sq ft building in Inverkip Street, Greenock, Scotland. CBRE bought the properties for£6.25m and £3.1m respectively.
CBRE GI also bought a 38,200 sq ft unit in Truro, for £6m, let to BHS until 2022, and 19-21 Cornhill, Bury St Edmunds, let to Barclays Bank and Mountain Warehouse until 2026 and 2021 respectively, for £4.3m.
Ric Crane, director of separate accounts, said: “These four purchases offer secure, 10-year plus income streams at above average yields off low rental levels. This meets the requirements of our client and is line with their investment strategy.”
Jones Lang LaSalle, Cushman & Wakefield, FG Burnett and BTW Shiells acted as agents for CBRE Global Investors.
sophia.furber@estatesgazette.com
