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Canada Life sell Alton Retail Park

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%.

For further information please contact:

Jack Lloyd

T: 020 7317 3796 M: 07747 883231
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Miles Marten

T: 020 7317 3777 M: 07770 748290
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