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
19 May, 2022
UK
DTZ Investors has sold a multi-let industrial estate in Harlow, Essex for £40m
19 May, 2022
UK
Healthcare: In defence of primary-care property
10 May, 2022
UK
DTZ Investors acquires a modern South East retail park in Basingstoke for £50.95m
26 April, 2022
UK
DTZ Investors completes a trio of new lettings and a lease renewal at Railway Triangle Industrial Estate
