Double Disposal for DTZ Investors
DTZ Investors has recently completed the sales of 19-21 Great Tower Street, London and Grampian Gate Retail Park, Winterhill, Milton Keynes.
19-21 Great Tower Street, London located in London’s EC3 insurance district provides 17,831 sq. ft. of office and retail accommodation. The property is multi-let to six office tenants and three retail tenants. The property was sold to a private investor for £13.7m which represents a net initial yield of 6.0%. DTZ Investors was advised by Savills.
Grampian Gate Retail Park, Milton Keynes is located within the town’s primary retail warehouse cluster of Winterhill. The property provides 16,447 sq. ft. of accommodation with 65 car parking spaces and is multi-let to Maplin, Ceramic Tile Distributors and Destination Aquatics. The property was sold to a local private investor for £3.911m which reflects a net initial yield of 6.7%. DTZ Investors were advised by Cushman and Wakefield