skip to content


Custodian REIT buys retail park

19 June 2017 07:27

Custodian REIT has acquired the 23,007 sq ft Wells Green Retail Park in Sheldon, five miles from Birmingham city centre on the busy A45 Coventry Road.

Custodian REIT said the site comprised three units occupied by Dreams, Pets at Home and Halfords.

Nearby retailers included Morrisons, Tesco, Topps Tiles and Aldi.

It said the units' leases expire on 28 September 2022, 26 September 2026 and 28 September 2027 respectively, with a total passing rent of £361,037 per annum reflecting a net initial yield1 of 6.64%. The agreed purchase price of £5.1m was funded from the company's existing cash resources, resulting in net gearing increasing to 19.6% loan to value.

Story provided by

Related Company: CREI

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.