Danes buy Hastings Debenhams

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 ...

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