News

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

By 2019-01-11T00:00:00

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • 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