18 February, 2020
DTZ INVESTORS SUCCESSFULLY ACHIEVES A RETURN ON INVESTMENT FOLLOWING THE SALE OF HOUSE OF FRASER, EXETER.

DTZ Investors has disposed of the freehold interest in 33-35 High Street and 3-8 Catherine Street, Exeter, having originally acquired the property in November 2017 for £9.15m. The asset was sold to Prydis following planning consent being obtained for a mixed-use hotel-led scheme. Constructed in the 1950s, the property extends to c. 60,000 sq ft and is arranged over basement, ground and three upper floors. The building benefits from the original façades and views onto Exeter Cathedral at the rear.
The property was sold for £9.5m, reflecting a capital value of approximately £160 per sq ft.
CWM acted for DTZ Investors. Lambert Smith Hampton acted for Prydis.
Latest News
16 March, 2023
UK
Mowgli Street Food Opens on Dukes Lane, Brighton
9 March, 2023
UK
DTZ Investors invests £59m to acquire prime Purley Cross Retail Park, Croydon
23 February, 2023
UK
Music artwork brand takes space at King Street
23 January, 2023
UK
DTZ Investors signs lease with GAIL’s for first Manchester site