SOUTH EAST RETAIL PROPERTY INVESTMENT SALES

SOUTH EAST RETAIL PROPERTY INVESTMENT SALES

Tim Harries & Partners, acting jointly with Prime Retail, have concluded the sale of two high quality retail investments in the South East at a combined price of c £10 million.

The properties comprised an out-of-town Matalan store and adjacent KFC drive-thru’ restaurant in Southend-on-Sea, sold to Scottish Equitable, and high street units in Slough let to W H Smith and Savers, sold to a private property company.

The sales followed the culmination of several asset management initiatives including re-gearing the occupational leases of both tenant in Slough and the pre-letting and development of the KFC unit in Southend-on-Sea.