Town Centre Opportunities

Contact Bradley

to find out how we can help you.

07827 686461 [email protected]

£20.1m Sale Value

Retail Sector

14.6% Net Yield

Three town centre shopping centres totalling 372,318 sq ft. Key tenants secured to the scheme include TK Maxx, Sports Direct, JD Sports, Iceland, Poundland, Loungers, Stonegate, Nandos and Subway. Portfolio purchase price of £20,100,000 reflecting a Net Initial Yield of 14.61%.

Challenge

Sourcing well-secured, dominant and convenience-focused shopping centre investment opportunities.

How did Cited help?

Cited used our market-leading relationships to negotiate an off-market purchase of these three community focused retail and leisure schemes. Cited advised our client throughout the due diligence, assisting on a key tenant performance audit. We also delivered lease extensions with key tenants that helped underwrite the purchase appraisal.

What was the result for the client?

The purchase price offered a very attractive Net Initial Yield that was inline with our client’s aspirations. The assets also offer an array of exciting opportunities that can be explored to further drive asset performance.

Contact Bradley

to find out how we can help you.

07827 686461 [email protected]

"Our involvement on this asset stretches back to 2017 when we helped AEW on the acquisition. Since then our team have remained involved, helping to bring new life to the parade with occupiers including Specsavers and Kokora. It was a pleasure to be asked to assist on the sale, and to achieve such a fantastic price, some 25% ahead of valuation, was a great way to complete the story."

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AEW Bradley Maher - Director

"This was a complicated purchase of multiple assets located nationwide. The challenge was largely the appeal, as we could see real value creating potential in this portfolio. Once we had agreed the purchase, off-market, we helped our client prioritise the most attractive value-enhancing asset management. Cited's existing relationships with occupiers and the agency community helped us significantly improve the purchase metrics ahead of the purchase completion."

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Evolve Estates Bradley Maher - Director

"Cited are committed to deliver on Claire’s business plan of 10+ new stores a year in the UK, entering new locations, as well as relocating existing stores. At Cited, we pride ourselves on our ‘hands on’ approach to work. From identifying new store opportunities on town trips, negotiating terms, through to completion, we ensure we are there every step of the way to advise our client as best as possible. "

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Claire’s Accessories Josh Gettins - Surveyor