Aviva Investors have sold Stechford Retail Park, Birmingham.
The park benefits from an open A1 (non food) planning consent and is let to Argos, Carpetright, Currys, Matalan, Home Bargains, Peacocks, Dreams, ScS, Poundstretcher, Poundworld and McDonald's, with a weighted average unexpired lease term of over 10 years. Rents range from £10.00 per sq ft to £18.80 per sq ft on the retail units and the Currys and Carpetright leases benefit from fixed uplifts in 2013 and 2018.
Wilkinson Williams acted on behalf of Aviva Investors.
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