Knight Frank has sold a 1.4-acre retail site in Nottingham city centre for £21.65 million on behalf of Abrdn to the international business of Federated Hermes.
The property, 4-13 Long Row & 17-25 Upper Parliament Street, provides 85,387 sq ft of accommodation arranged as a large format store and five high street retail units.
Whilst predominantly let to Primark Stores Ltd until 2060, other occupiers include Tesco Stores Ltd, Greggs PLC and Tui UK Retail Ltd.
Situated within the central retail core of Nottingham, the freehold property features extensive frontage onto both Long Row and Upper Parliament Street. The Primark store benefits from being located directly opposite The Exchange Shopping Centre.
Jackson Criss acted on behalf of Federated Hermes. Knight Frank acted on behalf of Abrdn.
