Parkwood acquisition tips portfolio over £100m

Parkwood Asset Management, the trio’s company, has bought the Cherry Tree Centre in Wallasey in a joint venture with Investec from Dunedin Property for £18.75m. The initial yield is just above 7%, which is expected to rise to 7.4% once the market hall within the centre is let after redevelopment.

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