DTZ completes £33m Sale of Midlands Retail Parks
Deal News | Mar 21, 2025 | DTZ Investment Management Ltd
DTZ Investment Management Ltd, operating under the brand DTZ Investors, has successfully sold two of its Midlands retail parks, Linkway Retail Park in Cannock and St Johns Retail Park in Wolverhampton, for a cumulative £33 million. The sales were strategized to realign their fund’s investment focus and to reallocate resources towards higher-quality retail warehouse opportunities. The Linkway Retail Park sold to a French SCPI managed by Sienna Investment Managers for £16,450,000 at a 7.2% net initial yield (NIY). Boasting a fully-let 10-unit complex, this park prominently positions itself within an 8.5-acre space, featuring tenants such as B&M and Dunelm. St Johns Retail Park, with 9 units and notable tenants like Next and Currys, occupied an 8-acre site and changed hands to the Brookhouse Group for £16,500,000 at a 7.4% NIY. The sales were facilitated by HampsonWall, with competitive marketing efforts initiated in Q4 2024 and completed in Q1 2025. This divestment aligns with DTZ’s continued strategy to optimize their portfolio by investing in properties like the recently acquired Anchor Retail Park in Mile End for £37 million. Overall, these strategic sales portray DTZ’s proactive approach in adapting their investment strategy to the evolving market landscape.
Sectors
- Real Estate
- Investment Management
- Retail
Geography
- United Kingdom – The retail parks are located in the Midlands region, specifically Cannock and Wolverhampton, which are part of the United Kingdom.
- France – One of the buyers, a French SCPI, is based in France, indicating a cross-border transactional element.
Industry
- Real Estate – This industry is relevant as the article discusses the sale of retail park properties, which are core components of real estate investment and management.
- Investment Management – The article pertains to the investment strategy of DTZ Investors, indicating the reallocation and management of the investment portfolio.
- Retail – The properties involved are retail parks, making this industry relevant to the article's thematic focus.
Financials
- £16,450,000 – Sale price of Linkway Retail Park with a 7.2% NIY.
- £16,500,000 – Sale price of St Johns Retail Park with a 7.4% NIY.
- £33,000,000 – Total combined sale price for the two retail parks.
- £37,000,000 – Purchase price of Anchor Retail Park as part of DTZ's ongoing investment strategy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DTZ Investment Management Ltd | Seller | Company | A private equity firm managing investment portfolios, operating under the brand DTZ Investors. |
| Linkway Retail Park | Target Company | Company | Sold by DTZ Investors, located in Cannock, comprising 10 retail units and fully leased. |
| St Johns Retail Park | Target Company | Company | Sold by DTZ Investors, located in Wolverhampton, comprising 9 retail units with one vacant store. |
| HampsonWall | Corporate Finance | Company | Acted for DTZ Investors in marketing and facilitating the sales. |
| Sienna Investment Managers | Buyer | Company | Represented a French SCPI in the purchase of Linkway Retail Park. |
| Brookhouse Group | Buyer | Company | Purchased St Johns Retail Park, represented by Staunton Whiteman and CSP. |
| Staunton Whiteman and CSP | Corporate Finance | Company | Represented Brookhouse Group in the acquisition of St Johns Retail Park. |
| Ben Haller | Director at DTZ Investors | Person | Provided commentary on the fund's strategy and realignment. |