M&G sell Super Prime, Trophy Asset in Bath

Forge are delighted to have advised M&G on the successful sale of 37-44 Stall Street & 9-18 Bath Street in Bath.

The property comprises a rarely available, super prime, trophy mixed use asset in Bath.

Totalling circa 62,500 sq ft of retail accommodation and 6,800 sq ft of office accommodation, the property is let to a strong line-up of retail occupiers. 50% of the retail income is secured to Primark until 2032.

Following a competitive bidding scenario from a range of institutional and overseas investors, Forge were able to conclude the sale at circa £15,000,000, reflecting a Net Initial Yield of circa 8.30%.

Jonathan Mills commented:

“We are delighted to have completed this super prime sale for M&G, for which we received considerable interest from both institutional and overseas investors.”

For further information, please contact Jonathan Mills or Joe Baio.