Private investor & auctions

Acuitus offers two shopping centres at major discounts

By 2018-05-10T11:30:00

Hunters Row Stafford Acuitus

Asking price for Hunters Row and The Forum in Staffordshire slashed as retail sector continues to struggle.

Arrowsmith Properties bought Hunters Row from Aviva for £5m in 2015, while The Forum, which is owned by an undisclosed major fund manager, was offered at auction by Acuitus in 2016 with a guide price of £3m but did not sell.

If sold for their asking prices, the transactions would reflect yields of 14.5% and 16.4% respectively.

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