Hercules Unit Trust, managed by British Land, have sold West Cornwall Shopping Park, Hayle to IM Properties for £26 million, reflecting 5.45% NIY.
The property is strategically located in Cornwall, lying on the A30 dual carriageway. The scheme has an open A1 non-food consent and totals 78,481 sq ft, including mezzanines. It is let to Marks & Spencer, Boots, Next and Costa at an average passing rent of £30.31 per sq ft.
Wilkinson Williams acted for British Land and IM Properties were represented by Jones Lang LaSalle.
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