Ediston Real Estate, acting on behalf of Europa Capital Partners, have acquired Pasteur Road Retail Park in Great Yarmouth for £20.8m reflecting a net initial yield of 6.75%.

The scheme totals 122,000 sq ft in 5 units and is let to B&Q, Home Bargains, Pets at Home and Argos. The scheme has a bulky goods planning consent.

Ediston intend to implement an active asset management plan to reposition the scheme.

Europa Capital announces £95m JV with Ediston Real Estate – Property Week March 2015

Price: £20.8 million

Type: Investment Purchase

Status: Completed