Posted: Fri 7th Aug 2015

Border Retail Park Sold For £12 Million

Wrexham.com for people living in or visiting the Wrexham area
This article is old - Published: Friday, Aug 7th, 2015

Another retail centre in Wrexham has been purchased, with the Border Retail Parking being purchased by Mayfair Capital Investment Management.

Back in May we were the first to report the sale of Eagles Meadow to a Manchester based investor, with today seeing the announcement of another retail area being snapped up.

Mayfair Capital Investment Management’s flagship fund, The Property Income Trust for Charities, purchased three separate investments totalling £32 million with Wrexham’s retail park being bought from the previous owners Aviva Investors making up £12.6 million of that.

The retail area is let to five ‘users’ or tenants; Wickes, Pets at Home, Next, Poundstretcher and Burger King with the details stating a “combined rent of £1.0m pa, with a weighted unexpired lease term of 10.2 years” with a total space of 5929 square meters in space.

The other two purchases were a distribution centre in Doncaster and shares in the UK Unite Student Accommodation Fund.

The total fund value of The Property Income Trust for Charities is around £400,000,000.



Spotted something? Got a story? Email [email protected]



Have a look at...

Three ‘never events’ reported at health board during February

Clwyd South MS welcomes plans for baby loss certificates for bereaved parents

More detail on club accounts as owners will ‘continue to offer minority equity positions to strategic partners’

Turnover up 75% as Wrexham AFC say ‘losses shouldnt be repeated’ as payroll nears £7m

Off-road motorcyclists ‘using their bikes dangerously’ warned they ‘will be seized’

Saturday’s Wrexham Artisan Market to be ‘showcase’ of local and national products

MMA Event coming to north east Wales this weekend!

Rare newts thriving after north east Wales pond restoration

Plans for new studio flat above Wrexham fast food restaurant

Football Banning Order issued to Wrexham man for ‘pyro offences’

Ambulance Service ‘expecting the Bank Holiday period to be a busy one for us’

Reminder to check for Schools Essentials Grant before window closes at end of May