Property firm swoops for 48,000 sq ft Go Outdoors building
Hortons’ Estate has boosted its portfolio with the acquisition of a 48,000 sq ft retail unit in Coventry, occupied by the UK’s biggest outdoor retail chain Go Outdoors.
The building is on a 3.5-acre site at Coventry Business Park and has been bought by Hortons from Aberdeen Standard Investments, acting on behalf of South Yorkshire Pensions Authority.
Go Outdoors has a lease in place until 2031.
Jeremy Boothroyd of Birmingham-based Hortons’ said that Go Outdoors is currently undertaking a refurbishment of the property.
He said: “This transaction complements our strategy of assembling a portfolio of well located, urban assets with considerable alternative use potential. Go Outdoors is an established business that has occupied the building for over 15 years.
“Its refurbishment of the property demonstrates a commitment to the location and is a positive indication that the retail market is recovering after the pandemic. We look forward to developing a positive relationship with Go Outdoors in the years to come.”
Hortons’ was advised by Eversheds Sutherland and Maclaren & Partners; the vendor was represented by Addleshaw Goddard and ESH.