Quintain has sold Stadium Retail Park in Wembley to Orchard Street for £14.2 million.
Orchard Street Investment Management made the deal on behalf of St. James’s Place Wealth Management.
The retail park, which covers 37,400 sq ft, is located close to Quintain’s Wembley Park development and is fully let to Curry’s, Maplin, Lidl, JD Sports and McDonald’s. The annual passing rent is £840,150 and long occupational leases are in place on all units.
Gary Felce, Partner at Orchard Street, commented: “This is an excellent purchase for St. James’s Place Wealth Management, combining both steady income and growth potential in an exciting Greater London property market that is set for significant investment.”