Resolution Property is in advanced discussions to sell Gallows Corner retail park in Romford, Essex, to Scottish Widows Investment Partnership, for around £44m – a circa 6.3% yield.
The 92,000 sq ft park is let to tenants including Argos Extra, Comet, DFS, Furniture Village and Halfords.
Resolution bought Gallows Corner in February 2008 from Standard Life for £47m, reflecting a 5.7% net initial yield.
Harvey Spack Field is advising Resolution; HP Four is acting for SWIP.
All parties declined to comment.
annabel.dixon@estatesgazette.com
