Investments / The Crown Estate funds extension to MK1 Shopping Park

The Crown Estate are funding a 10,000 sq ft extension to MK1 Shopping Park in Milton Keynes for £8 million, reflecting an initial yield of 5.25%.

The site is located adjacent to the MK Dons’ Stadium:MK in Milton Keynes.

The new 10,000 sq ft building will be let to JD Sports and Carphone Warehouse at rents of £40 – £50 psf, with a further 3,750 sq ft remaining to be let.

The new property will form a link between MK 1 Shopping Park and MK! Leisure Park, both of which were funded/acquired by The Crown Estate and will thus compliment their existing holdings.

Price: £8 million

Type: Funding

Status: Ongoing