Lichfield Retail Park sold for £9.5m
Swiss Life Invest has found a buyer for its 45,000 sq ft Staffordshire retail estate, with the shopping outlet acquired by a French investment vehicle.
Lichfield Retail Park had been on the market for four months before it was snapped up by the undisclosed buyer. The guide price had been £10.4m.
The SPCI paid £9.5m for the 2.7-acre park, which is fully let. Tenants include Halfords, Pets at Home, Jetts Fitness, and Easy Bathrooms.
Built in 2010, Lichfield Retail Park sits off Vulcan Road and generates £800,000 a year in rental value.
Park Place Retail represented Swiss Life on the deal.

