MGI Holdings has acquired a prime multi-let retail parade in Leicester city centre for £7.75m.
The 110,219 sq ft block at 1/3, 17–19 Haymarket and 4–6 Humberstone Gate is anchored by a 40,000 sq ft TK Maxx store with other occupiers including Deichmann, Evans Cycles and Burger King.
The current net income is approximately £1.37m per annum and it has a WAULT of 3.6 years.
Ben Legard, from GCW, which advised MGI on the deal, said: “This is a very exciting purchase of a multi-let prime retail block with excellent asset management opportunities. It’s position in a high footfall location in the heart of Leicester at the centre of the consolidating retail pitch leads this to be a statement purchase for MGI Holdings.”
Blackstar Real Estate has been appointed as asset manager for the parade. KLM Real Estate advised the vendor.
