Wilkinson Williams

Press Release

The Junction’s disposal programme continues in Leicester

JP Morgan European Property Fund has acquired the freehold interest in St George’s Retail Park in Leicester from The Junction Retail Warehouse Fund for a price of £32 million. The retail park benefits from an open non food planning consent and is let to Wickes, Currys, PC World, Comet, Aldi, Pets at Home, Next, Brantano, Toys “R” Us, Mothercare and KFC. The majority of leases expire between 2008 and 2027 and the purchase price reflects a net initial yield of 8.6%.

For further information please contact Miles Marten

m.marten@wilkinsonwilliams.co.uk

Or alternatively please contact Drew Moore

d.moore@wilkinsonwilliams.co.uk