Savills Investment Management has announced that its U.K. Value Boxes Fund (UKVB) has deployed £75 million (€84 million/$49.05 million) with the closing of its first four assets across the United Kingdom since its launch in October 2021.
The four retail park assets include two in England, one in Scotland and one in Wales.
Savills IM’s U.K. retail park strategy was launched in October 2021 with the aim of capitalizing on the strong income-producing characteristics of the U.K. retail parks sector, with a focus on parks let to grocery, discount and DIY retailers let off low rents.
The two assets in England are located in Stafford and Catterick. Hough Retail Park is located less than a mile from Stafford town center and is the primary bulky goods retail warehousing park in the area. Totaling 101,799 square feet and providing 415 customer car parking spaces, the park’s tenants include high-quality names such as B&Q, Argos, Home Bargains and Starbucks.
