Aberdeen Asset Management sell Gallows Corner Retail Park, Romford, to Royal London

Aberdeen Asset Management have sold Gallows Corner Retail Park, Romford, to Royal London for £56,000,000, reflecting an initial yield of 5.17%.

The property is an outstanding London retail park located at the junction of the A12 and A127. An average of 88,833 vehicles pass the property every day.

The scheme is a purpose built modern retail warehouse park of 92,538 sq ft, laid out as seven units. It has a part Open A1/part bulky goods planning consent. Tenants include Next, Argos, Magnet, DFS, Halfords, Furniture Village and Harveys and the current passing rent is £3,089,764 per annum.

The park has experienced strong, ongoing rental growth at recent rent reviews, lease renewals and lettings.

For further information contact Hamish Whiteman or Nick Staunton.

Brochure PDF

Property Week Article

Estates Gazette Article

Price: £56 million

Type: Investment Sale

Status: Completed

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