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Sale of Colne Valley Retail Park, Watford

Sale of Colne Valley Retail Park, Watford

Following an extensive programme of asset management over a 3 year period, Colne Valley Retail Park, has been sold to La Salle IM for £52.5m equating to a 5.4% NIY.

The 92,497 sq ft retail park, which comprises eight units and two storage warehouses arranged over two terraces, is let to a range of high-quality bulky-goods operators including DFS, Oak Furniture Land, Tapi and Natuzzi.

In the face of increasing challenges in the retail sector, the business plan was successfully concluded with returns delivered to our JV partners that outperformed the wider market.