Waitrose Site for Charles Street

Charles Street Buildings Group has forward-purchased a 52,000 sq ft Waitrose development on London Road in Worcester, West Midlands, from Opus Land for £20m – a 4.4% yield. Waitrose has prelet the scheme on a 20-year lease at £940,000 pa. Colliers International acted for Opus; Charles Street Buildings was unrepresented.

Author: EGi

Link: http://www.egi.co.uk/news/deals-april-11-2015/?keyword=waitrosesiteforcharlesstreet