Border Retail Park Sold For £12 Million

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.