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
13 November, 2024
UK
Former Guardian Printworks site achieves practical completion.
12 November, 2024
UK
DTZ Investors sells Multi-let Industrial Estate in the West Midlands
5 November, 2024
UK
DTZ Investors welcomes a work experience student via The Land Collective
4 November, 2024
UK
DTZ Investors completes an Office refurbishment at 1-3 Royal Exchange Buildings