CBRE Global Investors has completed three acquisitions in the North Yorkshire town of Harrogate in the UK on behalf of a client.
CBRE Global Investors has completed three acquisitions in the North Yorkshire town of Harrogate in the UK on behalf of a client.
The investment volume comes to £13.5 mln (€16 mln).
The properties are in prime locations in Harrogate which is a popular and affluent market town.
The first acquisition is of two prime shops on 32-34 Cambridge Street, in Harrogate’s main shopping district which is expected to deliver strong rental growth. The units have been let to O2 until 2015 and Pandora until 2020 and were purchased for £2.5 mln.
The second acquisition is of a prominent freehold site which is Grade II listed and in a prime location close to the train station and offers rear parking. It is currently let to Odeon Cinemas Limited until July 2038. The site was purchased for £7.75 mln.
The third acquisition is of a site in a residential area of Harrogate that currently comprises a food store and car park. The site is let to the Co-operative Group Limited until 2025 and was purchased for £3.7 mln.
