Commenting on the transaction, Graham Lind, Investment Manager at Ediston, said: “The letting to Tapi introduces an exciting new retailer to the Park and completes the immediate goal of achieving a fully let asset, maintaining Pasteur Retail Park as the prime Park in the area”.
Rob Sim, Partner and Head of Northern Europe at Europa Capital LLP, commented that: “The letting successfully achieves a 100% occupancy rate within 3 months of acquisition and adds to the tenant mix of the Park”.
Pasteur Retail Park, which extends to approximately 122,000 sq. feet, was purchased by the Europa Fund IV and Ediston Real Estate joint venture in March 2015.
The Europa Fund IV and Ediston Real Estate joint venture partnership was represented by Morgan Williams. Tapi Carpets & Flooring were represented by Harvey Spack Field.