Cervidae has acquired Fletcher mall, a retail site forming part of Beaumont Leys district retail park in Leicester, from British Land.
Cervidae’s share of the site compromises 112,450 sq ft of accommodation, consisting of a mix of over 40 retail leases, seven residential units and car parks on a 10-acre site.
The current tenant line up includeds Wilko, Iceland, Specsavers, Boots and McDonald’s.
Maurice Roberts, Investment and Asset Manager, Cervidae, commented: “Whilst there are undoubtedly more difficult times ahead for UK bricks-and-mortar retail, this acquisition of Fletcher Mall continues our strategy of targeting strong performing assets which are underpinned by their provision of essential services to the local community. Beaumont Leys has a history of robust occupancy and continues to be popular with local shoppers, evidenced by its annual footfall of approx. 6 million visitors.”
