Clients of LaSalle Investment Management have sold Wey Retail Park, West Byfleet to ING for a price of £12.85 million, reflecting a net initial yield of 5.93%.
The scheme benefits from a part fully open/part bulky planning consent and is let to Comet, Pets at Home, Paul Simon and Halfords. Rents are between £18.00 per sq ft and £28.00 per sq ft and the Comet lease benefits from fixed uplifts in September 2012 and September 2013.
Wilkinson Williams acted on behalf of LaSalle Investment Management and Jones Lang LaSalle represented ING.
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