Norwich’s Castle Quarter handed £23.5m price tag
Norwich’s Castle Quarter shopping centre has been placed on the market with an asking price of £23.55m.
The scheme spans over 385,000 sq ft across five levels, and is home to 75 retail and leisure units. Anchor tenants at Castle Quarter include TK Maxx, Vue Cinema, and Boots.
The asset is also supplemented by 791 parking spaces across three storeys.
Toby Ogilvie Smals, director in retail investment at Savills, which has been appointed to market the scheme, said: “The offering of Castle Quarter comes at an opportune moment in the UK retail investment market.
“Following a resurgence in confidence, investment volumes are recovering, with a notable desire to capitalise on record-high yields.
“Castle Quarter, with its prime location and secure income, aligns well with this trend, offering investors a rare opportunity to acquire a high-quality asset as yields harden in anticipation of future interest rate cuts.”