DTZ Investors acquires Mid Sussex retail park
DTZ Investors has boughtMid Sussex retail park, Burgess Hill from Goldman Sachs for £17.325m, reflecting a net initial yield of 4.72 per cent.
Mid-Sussex retail park is a newly constructed scheme which completed in 2013 and comprises two units of 50,687 sq ft let to B&Q and Pets at Home The asset has a WAULT to expiry of 11 years with 80 per cent of the income secured to B&Q with index-linked reviews.
The property was designed and constructed to a BREEAM standard of ‘Very Good’ and aligns with DTZ Investors’ sustained commitment to sustainable investment.
DTZ Investors were advised by Hampson Wall.