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Freeport Designer Outlet Village, Hornsea
£17.2 million
- Acquired for private clients for £17.2m in 2005.
- The scheme comprises 88,700 sqft of A1 retail accommodation with ancillary leisure uses.
- Riddelltps are retained to asset manage the scheme and are coordinating a planning application for a 25,000 sqft extension.
- Current tenants include Ponden Mill, Thornton’s, Laura Ashley, Regatta and Wrangler.
- We sourced the major debt from Nationwide and an element of mezzanine finance from Investec to conclude this transaction.
- Current value of the scheme is circa £22m.
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