13 / December / 2017
DTZ Investors acquires House of Fraser in Exeter
DTZ Investors has successfully acquired 32-35 High Street, Exeter for £9.15m, reflecting a 5.0% net initial yield.
The property, which occupies a prime city centre trading location, comprises a c.56,000 sq ft purpose built department store. The asset is let to House of Fraser in its entirety until 2038. Nearby retailers include Marks & Spencer, Tesco and Urban Outfitters.
The acquisition has enabled the Client to gain exposure to a prominent freehold interest in a strong retailing core.
CWM acted on behalf of DTZ Investors
Latest News
19 May, 2022
UK
DTZ Investors has sold a multi-let industrial estate in Harlow, Essex for £40m
19 May, 2022
UK
Healthcare: In defence of primary-care property
10 May, 2022
UK
DTZ Investors acquires a modern South East retail park in Basingstoke for £50.95m
26 April, 2022
UK
DTZ Investors completes a trio of new lettings and a lease renewal at Railway Triangle Industrial Estate
