News

DTZ Investors has completed the sales of Linkway Retail Park, Cannock and St John’s Retail Park, Wolverhampton. HampsonWall acted for DTZ Investors, marketing both assets individually in Q4 24 with sales completing Q1 25. Linkway Retail Park sold to a French SCPI represented by Sienna Investment Managers whilst St John’s Retail Park sold to the Brookhouse Group represented by Staunton Whiteman and CSP.

Linkway Retail Park comprises a fully-let 10-unit (106,431 sq ft) scheme with tenants including B&M, Dunelm, Food Warehouse and Halfords. It occupies an 8.5-acre site in a prominent roadside position on the edge of the town centre and sold for £16,450,000 (7.2% NIY). St John’s Retail Park comprises 9 units (111,598 sq ft) with 8 tenants including Next, Currys, Pets at Home and Wren Kitchens alongside a vacant Homebase store. The property sits on an 8-acre site fronting the busy ring road immediately south of Wolverhampton city centre and sold for £16,500,000 (7.4%).

Ben Haller, Director at DTZ Investors: “These assets are no longer aligned to fund strategy with a decision to sell and reallocate the capital into higher quality retail warehouse opportunities. This ties to our recent purchase of Anchor Retail Park in Mile End for £37m and with continued appetite for further acquisitions”.