Phillips Sutton Associates have advised on the acquisition of a retail warehouse investment on behalf of Mucklows.
Phillips Sutton Associates has recently advised on the acquisition of a retail warehouse investment in Leicester.
Let to Matalan for a further 7 years at a rent of £182,000 per annum, the investment was purchased by A&J Mucklows in an off market transaction with CBRE Global Investors.
The purchase price of £2.65m reflected a NIY of 6.5%.
The vendor was represented by FSP.
