Retail Development Site In Penrith Sold
Posted on 15th April 2011
Booths Penrith Ltd, the joint venture development company between Preston based Maple Grove Developments and the supermarket operator E H Booth & Co Ltd., has completed the forward sale of a foodstore and retail development in Penrith, Cumbria to clients of LaSalle Investment Management at a price of £4.15m, representing an initial yield of 5.1%.
The site which is located on
Knight Frank acted for LaSalle Investment Management and Robert Pinkus & Co acted for Booths Penrith Limited.