DTZ Investors' acquire Mid Sussex Retail Park
DTZ Investors has acquired the freehold interest of Mid Sussex Retail Park, Burgess Hill from Goldman Sachs for £17.325m, reflecting a net initial yield of 4.72%.
Mid-Sussex Retail Park is a newly constructed scheme which completed in 2013 and comprises two units let to 5A1 covenants B&Q and Pets at Home over 50,687 sq. ft. The asset has a WAULT to expiry of 11 years with 80% of the income secured to B&Q with index-linked reviews.
Additionally, the property was designed and constructed to a BREEAM standard of ‘Very Good’ and aligns with DTZ Investors’ sustained commitment to sustainable investment.
DTZ Investors were advised by Hampson Wall.