Henderson Global Investors' Caspar fund has sold the Four Pools Retail Park in Evesham to Aberdeen Property Investors for 拢15.6 mln, reflecting a net initial yield of 6.79%. The bulky consented park, which extends to around 76,436 sq ft, includes Homebase, Halfords and Pets at Home within its line-up and current rents between 拢11.00 and 拢17.15 psf.
Henderson Global Investors' Caspar fund has sold the Four Pools Retail Park in Evesham to Aberdeen Property Investors for 拢15.6 mln, reflecting a net initial yield of 6.79%. The bulky consented park, which extends to around 76,436 sq ft, includes Homebase, Halfords and Pets at Home within its line-up and current rents between 拢11.00 and 拢17.15 psf.
Martin Payne, Portfolio Manager at Henderson, said 'We are delighted with the sale of this asset having been able to add value through the extension of Homebase鈥檚 lease last year and the development of new space on the park in the form of the Pets at Home unit over the last 18 months'.
Cushman & Wakefield advised Henderson. Harvey Spack Field advised Aberdeen.
