Wilkinson Williams

Press Release

Crown Estate extends its portfolio into Harlow

Wilkinson Williams has advised The Crown Estate in the acquisition of the Queensgate Centre Retail Park in Harlow from clients of LaSalle Investment Management for £69 million. The Queensgate Centre extends to 225,000 sq ft and is occupied by Toys R Us, Burger King, Homebase, SCS, Currys, Hobbycraft, Laura Ashley, Easy Living, Brantano, Sports Direct, Cineworld, PC World, Mothercare, Pizza Hut, Costa, Sony Centre and Subway. The purchase price of £69 million, reflects a net initial yield of 6.44%, rising to 6.71% upon a fixed uplift in March 2010.

For further information please contact Miles Marten

m.marten@wilkinsonwilliams.co.uk