Investments / 90 North buy Drakehouse Retail Park, Sheffield
90 North have acquired the freehold interest in Drakehouse Retail Park, Sheffield from Hammerson for £61.7 million.
The scheme is the largest retail park in Sheffield providing 230,000 sq ft of retail accommodation and is located adjacent to Crystal Peaks Shopping Centre. Tenants include Homebase, Oak Furnitureland, Smyths Toys, Pets at Home, B&M, Wickes, Currys, JD Sports, Sports Direct and McDonalds. The passing rent of £4.23 million reflects £18.40 psf overall and the scheme has a WAULT of approximately 9 years.
Price: £61.7 million
Type: Investment Purchase
Status: Completed