Henderson Global Investors has bought a prime retail unit on the High Street at Maidenhead, for £6.62m.
The company said the purchase was on behalf of its Henderson UK Property Unit Trust and reflected a net initial yield of 6%.
The property is let to Boots with 11 years unexpired on the lease.
It was bought from Carvella.
Ainslie McLennan, co-fund manager for the Henderson UK Property Unit Trust said: “Having focussed on positioning ourselves at the more prime end of the
“We were keen to increase our high street retail sector holding, and are pleased to benefit from the 11 years of income to a blue chip business such as Boots.
“With our void rate now down to 2.5% and the excellent property and tenant diversification within the portfolio we are on track to maintain our high income distribution yield for investors and continue to outperform.”
Cushman and
nathan.cross@estatesgazette.com
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