Ediston acquires Pallion Retail Park, Sunderland

Price: £18.95 million Type: Investment Purchase Status: Completed

Ediston Real Estate, acting on behalf of Europa Capital Partners, have exchanged contracts to acquire the 129,717 sq ft Pallion Retail Park from SWIP for a price of £18.95 million, reflecting a net initial yield of 7.29%.

Tenants on the park include; Matalan, Dunelm, B&M, Iceland, Wallpaper Warehouse and Poundstretcher. The scheme is let off an average rent of £11.30 psf and it offers significant opportunities for value enhancement.