Knight Frank IM offloads pair of high street retail assets
Knight Frank Investment Management (KFIM) has sold a pair of high street properties to separate buyers.
The properties are located at 70 North Street, Chichester – which is positioned on North Street and is let to Nero – and 41A George Street in Richmond, which occupies a prime position on George Street and is let to Jigsaw on a new five year lease.
Joe Baio, equity partner at Forge Commercial Property, which acted for KFIM, said: “We are proud to have delivered two strong outcomes for our valued client, KFIM, achieving compelling NEY exits in both cases. These positive results bring to a close Forge’s long-standing involvement with the respective properties, which has included two lease renewals of Jigsaw in 2020 and 2025, as well as the original letting to Nero’s, followed by a regear in 2020.”
Mason Partners and GCW Property Consultants acted for the purchasers in the Chichester and Richmond transactions, respectively.