Sector
Leisure
Initial Yield
6.21%
Price
£7,700,000
Sale/Purchase
Purchase
Cortex Partners advised DTZ Investment Management on the forward funding of a long leasehold interest in Greenwich Promenade, a leisure scheme comprising four restaurant units, and a TFL ticket office. The property is let to Nando's, ASK Restaurants, The Restaurant Group and London River Services at an initial rent of £571,866 pa. The weighted average unexpired lease term is 25 years to expiries and 17.7 years to breaks.