Aberdeen Asset Management, advised by KLM Retail, has sold the 20,000 sq ft flagship Urban Outfitters store at 41-43 Market Street, Manchester for £18.6 million to a private family office. The property is let for a further 8½ years at £765,000 per annum, with an uncapped RPI rent in 2020.
Tim Sankey, fund manager from Aberdeen commented, ‘Whilst the store is a strong asset the level of interest was just too attractive for us to ignore. It was really pleasing to capitalise on the team’s excellent asset management’.
JLL acted for the private family office
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