Canvey Island Retail Park

Essex

Acquired from New River REIT in Q1 2021 who had completed the development of this new 61,000 sq ft park in late 2018. The park is fully let to five strong covenants and benefits from 44% grocery income and 88% Essential Retailer income. Adjacent to Morrisons & LIDL foodstores the cluster provides the dominant grocery and convenience provision in a catchment with zero retail warehousing vacancy. The asset was profitably sold within a portfolio to Realty Income in Q2 2022.