Tritax have sold Phase 4, Cortonwood Retail Park for £9.15 million
Tritax have sold Phase 4, Cortonwood Retail Park for £9.15 million reflecting a net initial yield of 8.15%.
The property forms part of a 454,000 sq ft retail warehouse destination that trades extremely well.
Phase 4 comprises three units of 32,519 sq ft that have been let to Smyths Toys, TK Maxx and Pets at Home, the latter of whom have just re-geared their lease.
The property has Open A1 (non-food) planning permission (now Class E).
