Popeyes, Cambridge sold for CBRE IM

Forge have advised on the successful sale of 3-4 Market Hill, Cambridge, on behalf of our client, CBRE Investment Management.

Situated in a prime location in one of the UK’s strongest retail centres, the 6,866 sq ft asset is part let to Popeyes, with vacant upper parts offering an interesting development angle.

Forge were delighted to generate a strong level of investor interest and secure an excellent result ahead of the quoting terms at a price reflecting a benchmark yield for High Street retail.

Jonathan Mills commented:

“Having acted on the original acquisition of the property as part of the Magna Portfolio in 2015, we are delighted to have seen the sale through to a successful conclusion for our long-standing clients, CBRE IM.”

To discuss this or other opportunities, please contact Jonathan Mills or Joe Baio.