Bruce Gillingham Pollard advised the Columbia Threadneedle UK Property Select III Fund in acquiring Kirkstall Bridge Shopping Park, Leeds for £25,200,000, reflecting a net initial yield of 7.79%.
The 120,000 sq ft site has 18 units, with occupiers including The Range, Home Bargains, Smyths Toys, Iceland, Pets at Home and JD Sports.
Andrew McGregor, Director at BGP commented ‘We are delighted to have completed our first out of town acquisition for Columbia Threadneedle, and our first purchase from London Metric. We were assisted in the acquisition by Smart 4, who helped us with the tenant audit and asset management strategy.’
LondonMetric was advised by Morgan Williams and Avison Young.