Forge Sell Prime High Street Package

Forge recently acted on behalf of Wittington Investments on the sale of both 11 Market Street, Cambridge and 88/90 Parade, Royal Leamington Spa.

Both properties were acquired by a private overseas investor for a combined sale price that reflected a blended Net initial Yield of 6.50%.

Many thanks go to Daniel Kyriakides of Reed Smith LLP, who expertly handled the legal process in what was a very swift timetable to exchange of contracts.

Jonathan Mills commented:

“Having acted on the original acquisition of these two 100% prime High Street assets, we were delighted to conclude the successful sale for our long-standing client, WIPL. We received strong investor interest for both assets and were ultimately able to agree a portfolio sale to an overseas private investor, with the deal completing within a 5 day timetable.”

To discuss this, or our various upcoming sales, please contact Jonathan Mills or Joe Baio.