PURCHASE
On behalf of the Clydebuilt Limited Partnership, Ediston acquired Merchant Square in January 2015 for a price of £2.4m reflecting a net initial yield of 8.8%.
ACHIEVEMENTS
- Re geared one tenant to increase current passing rent and provide for a stepped rental to the next review.
- Varied one operator’s lease to provide for a fixed uplift at the August 2016 rent review to increase income to the fund and establish a stronger tone on the parade.
