Wilkinson Williams

Press Release

Morley dispose of Lady Bay Retail Park, Nottingham for £20.857 million.

On behalf of clients of Morley, Wilkinson Williams have negotiated the sale of the Lady Bay Retail Park in Nottingham to clients of LaSalle Investment Management for the price of £20.857 million. Lady Bay Retail Park was developed in 1988 and extends to 97,358 sq ft of accommodation, let to 8 tenants including SCS, JJB Sports, Staples, Dreams and Hobbycraft. This scheme benefits from restricted retail consent and is let off passing rents of between £11.88 and £20.00 per sq ft. The purchase price reflected a net initial yield in the region of 6.55%. Wilkinson Williams acted for Morley.

For further information please contact Miles Marten

m.marten@wilkinsonwilliams.co.uk