Investment News and Deals
Riverside Retail Park, Aberdare		Aberdare DTZ Cardiff has advised AR&V investments on the disposal of Riverside Retail Park, Aberdare. Flodrive acquired the property for £3.25m and have taken on the letting of the one remaining vacant unit. The retail park has the benefit of open A1 and A3 planning consent and is split into five units totalling 1,304 sq m (14,038 sq ft). Tenants at the park are: Farmfoods, Halfords, Floors 2 Go and Domino’s Pizza. DTZ represented AR&V investments, whilst Michael Sharron & Co represented Flodrive. Cardiff Unit 1, Greenmeadow Springs Business Park, Cardiff, comprising 7,600 sq ft, has been sold for £1.475m. The property is let on a fri lease to Lorne Stewart plc – expiring October 2018 for a yield of 6.83%. Emanuel Jones acted for the vendor and Cooke & Arkwright acted for the purchaser.