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Email: info@redkiteland.com Phone: 0207 486 5777
Email: info@redkiteland.com Phone: 0207 486 5777

House of Fraser store in Lincoln sold for £8.3m

Red Kite has effected the sale of a client’s investment, the House of Fraser store in Lincoln.

The store was purchased by Rockspring, represented by Nick Morgan of Kitchen La Frenais Morgan. Red Kite's client was represented by Simon Lewis of Lewis Ellis.

The purchase price of £8.3 million represented a yield of 5.8% and demonstrates the current market desire for long term income profiled investments.