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Wigan Sainsbury's sold for £39.2m

13th July 2012

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Wigan Mayor Michael Winstanley opens Sainsbury's extended Wigan store

Wigan Mayor Michael Winstanley opens Sainsbury's extended Wigan store

MARUS Properties has sold the freehold of the Sainsbury's supermarket at Marus Bridge retail park to a fund advised by PRUPIM for £39.2m.The supermarket underwent a recent extension in 2010 which saw an extra 15,000 sq ft of space added, bringing its total footprint to 56,000 sq ft. This included a new pizza counter as well as a clothing  and hardware range. The sale price represents a net initial yield of 4.61%.Marus Properties is a specialist vehicle backed by a group of private investors including Minto Industrial Pro......for the full story register now for free or login below...


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