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Yorkshire


Morrisons sells for 4.59%


Advised by Colliers Retail Capital Markets, Opus North, a leading Yorkshire property developer backed by Palmer Capital, has successfully sold a Morrisons supermarket at Hillsborough Barracks in Sheffield to Supermarket Income REIT for £51.7m at a net initial yield of 4.59%.


The supermarket is located on an 8.4-acre site at the historic and prominent Hillsborough Barracks. It comprises an 113,000 sq ft Morrisons supermarket with 860 parking spaces and a 12-pump petrol filling station.


It is let for a further 21 years with five-yearly, upward-only, RPI-linked rent reviews compounded annually.


Head of Colliers Retail Capital Markets, James Watson: “This is further evidence that well-let supermarket investments which offer a long-term income stream are very much sought after by investors”.


james.watson@colliers.com | +44 (0)20 7344 6877


Joules in


Stirling crown Premium lifestyle brand, Joules, has taken a new unit in the Thistles shopping centre in Stirling.


Advised by Colliers Retail’s Glasgow office, it has opened at 4 Kings Walk in the 500,000 sq ft centre.


Created nearly three decades ago by Tom Joule, the brand has been characterised by a sense of fun and ‘quirky Britishness’.


Colliers’ Ross Wilkie comments: “Joules has done a tremendous fit-out on the store and it is real enhancement to the shopping offer at The Thistles”.


ross.wilkie@colliers.com | +44 141 226 1075


Browse | Q3 2018


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