Marchmont sells Retail Warehouse to Council

Marchmont sells retail warehouse park let to Halfords and PC World to Fareham Borough Council.

“Marchmont Investment Management, the private real estate investment manager, announces the sale of a retail warehouse park in Fareham to Fareham Borough Council for £7.628million. The retail park is let to Halfords and DSG (PC World), both leases were re-geared by Marchmont prior to the sale. The property was acquired by Marchmont in November 2011 for £6.237. Tim Lumsdon, Director of Marchmont commented, “Following the re-structuring of both leases , we took the opportunity to capitalise on strong demand in the market for secure retail income. ”