This project was also worked on by Henry Elwess who is a Partner, specialising in Commercial Agency and Advisory.
Following competitive bidding, Montagu Evans has advised Mayfair Capital on the sale of Heeley Retail Park, Sheffield, to Wesleyan Assurance. The property extends to 77,000 sq ft and is fully let to six tenants including Matalan, Currys and Iceland Food Warehouse, with a WAULT of c. 5 years. The deal was agreed at £15.4 million, significantly ahead of the quoting price.
This instruction drew on expertise from different specialisms across Montagu Evans’ retail & leisure team, including lease advisory and agency. Originally acquired on behalf of Mayfair Capital in 2018, the team successfully compiled and delivered the business plan, including re-gears with Currys and Boots and a new letting to Poundland.