AEWU acquires Shrewsbury retail park for GBP8.35m

By Clara Dijkstra6 days ago

AEW UK REIT has acquired the 5.65 acre Arrow Point Retail Park in Shrewsbury for a purchase price of GBP8.35 million.

The established retail park is located on a busy commercial estate and is fully let. The purchase price reflects a low capital value of GBP88 per square foot (GBP1.48 million per acre).

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The estate provides a net initial yield of 8.7 per cent, with low passing rents compared to competing locations, while being underpinned by industrial and trade rents.

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