Acting on behalf of a North West based investor we have successfully purchased New Hall Hey Retail Park in Rawtenstall from Kames Capital, represented by Savills.
The park was developed in 2 phases from 2007 and totals 80,191 sq ft across 9 units. With a strong food bias the Park acts as an extension of the Town Centre and as a destination for the wider area. There is a strong tenant line up including M & S Simply Foods, Aldi, Home Bargains, Iceland, Pets at Home, TK Maxx, Costa, Domino’s and Card Factory.
The Park was purchased for £14.25m reflecting a NIY of 7.65%.