Park Place Retal are delighted to have advised the buyer of the Banbury Cross Retail Park in Banbury. Having sourced this opportunity ‘off the market’, our clients have acquired a scheme extending to 180,000 sq ft, which is let to 19 national retailers and restaurants including DFS, Currys, Wren, Boots, Pets at Home and Home Bargains. We believe the scheme has the potential for strong rental growth from a passing level average rent of circa £17.75 per sq ft. The purchase price was in the region of £42 million.
For further information, please contact:-
Miles Marten | 07770 748 290 | miles.marten@parkplaceretail.co.uk