Staunton Whiteman have completed the sale of Junction One Retail Park, Wallasey to Hines.
Acting on behalf of Derwent Estates and the Albert Gubay Charitable Foundation, Staunton Whiteman have completed the sale of Junction One Retail Park, Wallasey to Hines.
Junction One Retail Park is a prime modern retail park comprising a total of 190,874 sq ft of accommodation in 10 retail units and a drive thru fast-food unit.
Junction One Retail Park is situated immediately to the south of Junction 1 of the M53 motorway, which is a dual carriageway. The M53 runs southeast to Liverpool city centre.
The scheme is an example of what the very best prime modern retail park should be. The recent letting of the former Carpetright unit to Superdrug, at a headline rent of £26 psf (£24.70 psf net effective), demonstrates that the scheme is reversionary.
