Wilkinson Williams

Press Release

British Land sell Two Rivers Retail Park to Invista REIM

British Land have sold the Queens Road Retail Park, Sheffield and Great Bridge Retail Park, West Bromwich to Invista REIM for a price of £30.3 million. The price reflects an overall portfolio net initial yield of 4.27%.

Queens Road Retail Park, Sheffield has a bulky goods planning consent with limited comparison and convenience goods exceptions, extending to 53,042 sq ft, providing 6 units.

Great Bridge Retail Park, West Bromwich benefits from an open non food consent, comprising 3 units of some 34,539 sq ft and a fast food restaurant.

Wilkinson Williams acted for British Land.

For further information please contact Drew Moore

d.moore@wilkinsonwilliams.co.uk