London,
10
February
2022
|
11:38
Europe/London
CBRE Advises UBS on Garden Centre Acquisition
Dobbies
Global real estate advisor CBRE has advised UBS on the acquisition of Dobbies Harlestone Heath.
The asset comprises of a purpose built garden centre providing 84,512 sq ft of accommodation and 210 car parking spaces across a 6.52 acre site. It is currently let to Dobbies Garden Centres Ltd until 2051.
Paddy Hales at Savills acted sell side on behalf of the Vendor.
“
This acquisition demonstrates the continued demand for long let garden centre investments across the UK. The asset offers exposure to a best in class covenant, 29 years unexpired, indexed linked rentals and underpinned by a strong residual alternative use.
Callum Paddock, Associate Director, CBRE Operational Real Estate
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