Wilkinson Williams

Press Release

British Land sell New Cross Gate Retail Park

British Land have sold the New Cross Gate Retail Park, London, SE14 to Sainsbury’s Supermarkets Ltd for a price of £47.7 million. The purchase price equates to a net initial yield of 3.41% and a net equivalent yield of 4.10%. The park is let to Sainsbury’s, Currys and Dreams with one unit currently vacant and benefits from an open A1 planning consent.

Churston Heard acted on behalf of Sainsbury’s Supermarkets Ltd and British Land were advised by Wilkinson Williams.

For further information please contact Paul Wilkinson

p.wilkinson@wilkinsonwilliams.co.uk