Bradda Capital, the UK real estate investment adviser, has sold a retail warehouse in Mansfield Retail Park, Nottingham for in excess of £7m.
Comprising 37,955 sqft of retail warehouse occupied by Go Outdoors, Carpetright and Topps Tiles this investment offers over 12 years of income security, a large proportion of which is guaranteed by JD Sports Fashion PLC. The property has a dominant trading position fronting Mansfield Road (A60) in a thriving roadside, retail and commercial area to the North of Nottingham City Centre.
Bradda was advised by XPROP.
David Phillips, managing director of Bradda Capital, said: “We are very pleased to have closed the sale of this property bought for income 12 years ago and generated a gross IRR of 17.5% and a Multiple on Invested Capital (“MOIC”) of 4.3x. This is a fantastic result and a testament to the quality of the assets that we target and the execution capability of our team”.
David Phillips 01444 472530
Founded in 2018, Bradda Capital, and its predecessor, Commercial Management Ltd, have sourced and assisted with structured investment and financing of UK commercial real estate on behalf of the same investors for more than 30 years. They have created several institutional-size portfolios of London and regional offices, shopping centres, warehouses and elderly care, the latter consisting of the Retirement Villages Group, which was sold to AXA IM - Real Assets in 2017.