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An Established Retail Park Adjacent to 76,500 sq ft Sainsbury’s. White Lion Retail Park is situated to the east of Dunstable town centre, on the northern side of the A505 Luton Road. The site sits adjacent to a Sainsbury’s supermarket and benefits from excellent...
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Fri Mar 14 2025
AEW UK REIT has acquired a freehold high street asset in Hitchin, Hertfordshire for £10m, reflecting a net initial yield of 8.31% and a capital value of £213 per sq ft. The property, located at 13/13A, 114-119, 121-123 Bancroft and 3-4 Portmill Lane, extends to 46,905 sq ft of space across 12 retail units, a standalone office building, and car parking and service yards. The retail element of the property is fully let to a line-up of 12 tenants, with major occupiers including Marks & Spencer, Next, Vodafone, The White Company, and Holland & Barrett.
Fri Jan 31 2025
Sorbon Estates has acquired a former Costa Coffee store at 162-168 High Street in Berkhamsted, Hertfordshire. The acquisition means the group has completed the site assembly for its proposed refurbishment and extension at 162-192 High Street. Sorbon Estates was advised by TW Keil, which also advised the group on a lease renewal for Fat Face at 176a High Street in December 2024, where a term of five years – without a break – was agreed.
Wed Jan 22 2025
CBRE Investment Management has sold a retail parade with associated residential properties in St Albans to a private buyer. The property at 29-31 St Peter's Street is to Costa Coffee and Vision Express, with two flats on the upper floors let on assured shorthold tenancies. The commercial aspects of the property have a weighted average unexpired lease term of 7.47 years to expiry and 5.44 years to break, with two lease renewals having been completed in September 2024.