On behalf of the AEW UK Core Property Fund, Cooper Rose Real Estate has acquired the long leasehold interest in 91/101 Lower Precinct, Coventry for a price of £3,250,000, reflecting a net initial yield of 11.34%.
The substantial 47,196 sq ft store is let to New Look Retailers Ltd until September 2026 at a current rent of £430,000 per annum.
The property forms part of The Precinct Shopping Centre.
Contact Giles Cooper or Ben Rose.