Council buys in Worcester
Published: 19 November, 2016
Surrey County Council buys Worcester leisure scheme for £11.8m
Surrey County Council has completed the £11.8m purchase of 49-59 & 77 Friar Street, a prime leisure complex located in the heart of Worcester city centre in Worcestershire.
The 37,715-sq ft property, which was bought from Avignon, is anchored by Vue Cinema, Nandos and Subway and includes 13 residential units.
Andrew Meikle, senior director in investment at BNP Paribas Real Estate said: “This asset has a strong unexpired term combined with an exceptional tenant line-up. The location is already the core leisure destination for Worcester and the surrounding area which will only get stronger due to the development of more leisure space in the immediate vicinity.”
Savills advised Avignon.