Danes buy Hastings Debenhams

10 August 2007

Private Danish investors have bought the 99,000 sq ft Debenhams store in Hastings for £11.5m a net initial yield of 4.08%. Debenhams pays £497,360 a year on a 30-year lease with five-yearly, 2.5% rises from 2004. Hunters Property Investment advised the buyer; HP Four acted for the private Irish ...

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue