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KF IM buys Hemel retail park

Blackrock UK Property Fund has sold its London Road Retail Park in Hemel Hempstead to Knight Frank Investment Management for £15.2m, reflecting a net initial yield of 5.61%.
CoStar News
December 3, 2014 | 3:01 P.M.

The 36,263 sq ft retail park is let to Halfords, Staples, Pets At Home and McDonalds on leases expiring in 2022. The average rent is £25.75 per sq ft.

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News | KF IM buys Hemel retail park