Sep 23 2010
Metric has exchanged contracts on the acquisition of Nottingham Road Retail Park, Mansfield from private clients of CBRE Investors for £7.25 million. The park provides 47,100 sq ft of retail space over three units of which two are currently occupied by Dixons Retail, trading as PC World and Currys, with the remaining 16,000 sq ft unit vacant, having previously been let to MFI. The current average passing rent is £13.30 psf. Metric will use its existing cash resources to finance the purchase.
The full announcement can be found in the attached file.
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