Wilkinson Williams

Press Release

Brooklands Retail Park, Cardiff

Legal & General Investment Management have sold the Brooklands Retail Park, Cardiff to PropInvest Holdings Ltd for a price of £26.7 million, reflecting a net initial yield of 4.71%, with one vacant unit. The park is occupied by Currys, PC World, Allied Carpets, Burger King and Pizza Hut. The scheme has a bulky goods planning consent with both Currys and PC World tenancies subject to compounded fixed uplifts of 3% per annum at the remaining rent reviews.

HP4 acted on behalf of PropInvest and Legal & General Investment Management were advised by Wilkinson Williams.

For further information please contact Paul Wilkinson

p.wilkinson@wilkinsonwilliams.co.uk