NewRiver buys Aldi let retail park in Barrow

Aldi supermarket

NewRiver has paid £15.3m for the Hollywood Retail and Leisure Park in Barrow-in-Furness.

NewRiver has plans to convert two of the units into a 20,000 sq ft store let to Aldi on a 20-year lease. Including the Aldi store, the retail park has a weighted average unexpired lease term of 8.3 years, an average rent of £11.36 per sq ft, and the deal represents a net initial yield of 8.7%.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue