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 Brunswick Road immediately to the north of Penrith town centre, comprises a 32,604 Sq ft foodstore, an adjoining retail unit of 6,109 Sq ft and a 170 space car park.

Knight Frank acted for LaSalle Investment Management and Robert Pinkus & Co acted for Booths Penrith Limited.

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