“We have just sold a 100% prime retail investment comprising six retail units in Red Street, Carmarthen, where 90% of the income is secured against well-known national tenants including Boots Pharmacy, Bright House, Boots Opticians, Body Shop and O2. The site was also attractive because it offered future development potential in a town which is the dominant retail destination in Carmarthenshire. There are very few vacant retail units in the vicinity and tenant demand is strong. The disposal attracted strong interest from institutional investors and has just been sold to a UK pension fund.
“Currently attracting strong interest is an 8,000 sq ft retail unit in Abergavenny, let to Argos, and a prime site in Neath let to Greggs Bakery Plc. Both properties are under offer and we hope to close both deals in the next few weeks. We are also currently marketing Severnside House in Cardiff, which is a 30,230 sq ft office building single let to Lloyds Bank Plc, and anticipate good interest from investors in this.”
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