Palmer acquires £37.5m Sainsbury’s-anchored retail park in Wakefield

Palmer Capital Beck Retail Park

Palmer Capital has acquired a Sainsbury’s-anchored retail park in Wakefield for £37.5m from Aberdeen Standard, reflecting a yield of 6.3%.

The 66,000 sq ft Sainsbury’s store at Beck Retail Park is let on an unexpired lease term of 19 years and accounts for just under 50% of the income. Other tenants include B&M Bargains, Home Bargains, Matalan and The Range.

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