23rd November 2018

Pallion Retail Park, Sunderland

Pallion Retail Park comprises 131,349 sq. ft. of retail warehouse accommodation let to a number of national retailers including Matalan, B&M, Dunelm, Iceland, Poundstretcher and Costa Coffee

PURCHASE

The property was acquired by Ediston for the Ediston Property Investment Company in June 2017 for £26.6 million, a 6.74% net initial yield.

ACHIEVEMENTS

  • Constructed a drive-thru coffee unit and let it to Costa Coffee
  • Completed letting deals with Cancer Research and GO Outdoors, securing £280,000 of rental income
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