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Acting on behalf of Pulse Partnerships, the development company founded by Rich McGawley, Nolan Redshaw has sold the Royal Retail Park to private investors at a 6.25 per cent yield.
The retail development on Bolton Road in Blackburn comprises a Morrisons M local store and Dominos Pizza, producing £73,000 per annum.Head of investment and associate director at Nolan Redshaw, Neil Higson, said: “We have now worked with Pulse since its inception in 2011, this being their fourth development, each of which is of such quality that they are extremely well received by investors”. Nolan Redshaw is a regional surveyor, specialising in investment and development work throughout the North West.
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