Helical buys The Guineas Centre in Newmarket
Published: 04 January, 2011
Helical Bar has paid £17.75m to buy The Guineas centre out of administration
Helical has exchanged contracts for the acquisition of Newmarket Shopping Centre, Suffolk from the administrators for £17.75 million, representing an initial yield of close to 8 per cent
Allsop had been called in to act as receivers for the town centre complex after it was placed into administration in July 2010.
Tenants include Marks & Spencer, Peacocks, and Argos. Allsop and CBRE advised the vendor, Lunson Mitchenall advised Helical.
