Additional holding secured in Clumber Street, Nottingham for £8m
DTZ Investors has completed an off-market acquisition of 31-73 Clumber Street in Nottingham for £8m.
The asset comprises a prominent retail block fronting onto Clumber Street and adjoins the Fund’s existing ownership, 41-51 Clumber Street, which was acquired in December 2015. The property, in its current configuration, provides two retail units which are let to McDonalds and Ladbrokes.
The acquisition presented the Fund with an opportunity to strategically enhance critical mass in a strong regional location and provides future asset management potential