LondonMetric, on behalf of its retail income joint venture with USS, have acquired the freehold of the Dartford Heath Retail Park, Dartford for £9.63 million from Hercules Unit Trust, managed by British Land.
The retail park is fully let and comprises four units totalling 41,500 sq ft, anchored by a new Dunelm unit, with an unexpired lease term of over ten years, off low average rents of £16.00 per sq ft.
The price reflects a net initial yield of 6.5%.
Harvey Spack Field represented the vendors and the purchasers were advised by Wilkinson Williams.
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