CBRE IM complete sale of Cheltenham

Forge are pleased to have advised CBRE Investment Management on the sale of 86-90 The Promenade, Cheltenham.

The property, which is let to Waterstones Booksellers Ltd and Hobbs Ltd, provides 17,269 sq ft of prime High Street retail accommodation.

Following a competitive bidding scenario, Forge were pleased to conclude the transaction with a private investor.

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.”

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