Longford Island Retail Park

Acting on behalf of a Trust, MK2 Real Estate has advised on the acquisition of a prime retail warehouse investment at Longford Island in Cannock.   Prominently located on the A5 the scheme was developed in 2012 and extends to 24,492 sq ft and is let to DFS, Carpetright and Porcelanosa on long leases with RPI uplifts.  The price paid was £7,500,000 which reflects a net initial yield of 6.18%.