Tellon Capital acquires £24 million high street retail portfolio
Tellon Capital has acquired the Rose Portfolio of prime high street retail investments from Aviva Investors for approximately £24 million.
Generating a net rental income of approximately £1.2 million per annum, the portfolio includes four units on Oxford’s Cornmarket Street which are let to Kiehl’s, Starbucks, Pizza Express and The Change Group. It also includes EE and Clinton’s on Coney Street, York; O2 on Eastgate Street, Chester and The Entertainer on Thames Street, Kingston-Upon-Thames.
Tellon Capital was represented by international real estate advisor Savills.
Ben Tyack, investment director at Savills, said: “The Rose portfolio combined a rare opportunity to purchase in four of the UK’s prime retail destinations with a strong tenant line up and good reversionary prospects.”