DTZ Investors buys mixed-use scheme in Brighton at 5.1% yield

DTZ Investors has acquired a mixed-use scheme in the English city of Brighton for £20 mln (€28 mln), reflecting a net initial yield of 5.1%.

The mixed-use investment comprises an arcade of 21 boutique shops, located in ‘The Lanes’ area of Brighton, connecting Middle Street to Ship Street. The retail units are let on 22 commercial leases to tenants including Oasis, Pretty Green, Ted Baker and Fred Perry. The scheme also includes two office suites and 14 residential units.

Helix Property Advisors sold the property on behalf of a private fund and was advised by Fineman Ross. DTZ Investors was advised by Springer Nicolas.

Helix is a specialist London firm which currently manages a total commercial portfolio worth £3.5 bn across the UK.