Royal London acquires pre-let Plymouth Gateway Retail Park for £23m

Plymouth Gateway Retail Park

Joint venture partners Europa Capital and Ediston Real Estate have forward sold Plymouth Gateway Retail Park to Royal London Mutual Insurance Society for £22.7m, reflecting an initial yield of 5.9%.

The 55,000 sq ft retail warehouse park, which is currently under construction, is fully pre-let to Wren Kitchens, Tapi Carpets, Sofology, Mothercare, KFC and Costa, and is due to be completed later this month. Rents range between £22/sq ft and £25/sq ft pa for the terraced units.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now