On behalf of clients, Canada Life Investments, Wilkinson Williams acted in the sale of their freehold interest in Alton Retail Park, Alton, Hampshire. The property was acquired in December 2017 by Fidelity International.
The property comprises a modern 3 unit retail park let to Aldi, Wickes and Pets at Home with a WAULT of circa 12 years (10.9 years including a tenant break option). The Aldi benefits from 5 yearly RPI linked rent reviews to 1.5% and 2.5% per annum compounded.
The purchase price was £11.115 million, which reflects a net initial yield of 4.63%.
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