On 3 March 2015 the Group completed the acquisition of the Buttermarket Centre, Ipswich in a 50:50 joint venture with Drum Property Group.
The centre has been acquired on a freehold basis for £9.2 million equivalent to a Net Initial Yield of 8.5%.
- 235,000 sq ft of retail space
- Two core trading levels
- Integrated 420 space car park
We believe there is significant potential for repositioning the centre with an enhanced mix of retail and leisure and have plans for a £25 million development. The new centre will include an Empire cinema, Pure Gym, plus nine new restaurants.