10th April 2018

Wrekin Retail Park, Telford

On behalf of the Ediston Real Estate’s and Europa Capital’s joint venture, this prime convenience led retail park was purchased in March 2018 as the first acquisition of the Joint Venture’s 5th fund together.

The property is a modern purpose-built retail park totalling 161,164 sq. ft. let to national retailers including; Homebase, Home Bargains, Asda Home, Pets at Home, Matalan and Costa. Although fully let at purchase, the property provides excellent reconfiguration and re-development opportunities to drive value and to create a more modern retail offer that will thrive in the existing and future retail climate.

PURCHASE

Purchased in march 2018 by Ediston Real Estate on behalf of the ERE V Nr. 10 S.a.r.l. joint venture vehicle.

ACHIEVEMENTS

  • Secured a new tenant within 1 months of receiving a vacant unit back through administration, demonstrating the strength of the retail park.
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