At Huntingdon Retail Park we entered into an agreement with our co-investment partner, St John’s College, Cambridge to create an income producing investment on land they already owned.
Through the arrangement we entered into a 125 year geared ground lease, and St John’s retained their freehold plus an equity share in the created investment value.
In this co-investment Churchmanor assumed all the development and letting risks.
The asset is let to a range of complementary retail warehouse occupiers and is now a recognised retail destination in Huntingdon.
Churchmanor and St John’s sold Huntingdon Retail Park to LaSalle Investment Management in 2015.