TA Fisher has acquired two retail warehouses to boost its investment portfolio.
The Theale-based developer and investor has bought a 7,494 sq ft Halfords store in Winnersh along with a similar sized one in Victoria Retail Park in Wellingborough, Northamptonshire.
The Winnersh building is close to Wickes, Pets at Home and Showcase Cinema while the Wellingborough Halfords is close to a number of other retailers including Tesco, Carpetright and B&M.
TA Fisher said Halfords offers a secure investment with a 100 out of 100 Commercial Delphi Band rating, which ranks the tenant as ‘very low risk’.
TA Fisher managing director John Fisher said “Both properties are in exceptionally strong locations and let to an operator who has demonstrated admirable dexterity in recent times to re-shape the business. The leases are relatively short so we were able to put our strong financial position to good purpose.”
Cortexpartners acted for seller Columbia Threadneedle while Gerald Eve acted for TA Fisher Developments.
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