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Cordea Savills buys in Hereford

Published:  27 January, 2015

Brook retail park bought by Cordea Savills for 5.6m

Clients of Harvey Spack Field have sold the freehold interest in Brook retail park, Hereford to Cordea Savills, for 5.6m reflecting a net initial yield of 6.39 per cent.

The 31,411-sq ft park is let to Lidl, Poundworld, Pets At Home and Poundstretcher off an average rent of 12 per sq ft and with a weighted average unexpired lease term of over 9.1 years.

The purchaser was represented by ESH.