CBGA Robson have completed the disposal of a portfolio of nine properties on behalf of Davies Holdings for £8.35 million to the M. Baker Trust.
The properties were predominantly retail units located in the West Country and tenants included Morrisons, Tesco, Lloyds Bank, Magnet, Specsavers and Café Nero. The properties were sold as part of a corporate transaction where Michelmores solicitors acted jointly with CBGA Robson. Overseas clients of CGBA Robson have acquired the Freehold investment at Wisbech Retail Park for £14.1million from Tesco Properties.
The park comprises nine retail units totalling 83,375 sq ft with 371 car spaces. CBGA Robson have been retained as Managing Agents and are also project managing the extension to the B&M Retail unit to provide a larger 23,000 sq ft store. Next door, Wickes are nearing completion of a new store development which will link the Wisbech and Belgrave retail parks to create the dominant out of town retail offer in Wisbech. |
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March 2024
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