News - Midlands
DTZ dreams up Rowan deal
The Nottingham office of global property adviser DTZ has advised London-based Rowan Asset Management on the £2.5m acquisition of a retail warehouse in Christchurch, which has been let to Dreams for 20 years with guaranteed rental increases. George Alcock, investment surveyor at DTZ in Nottingham, said: “This off-market opportunity met our client’s fund requirements for well-let properties providing long-term and secure income with good prospects for growth, and is located in an affluent part of the south east. The transaction was concluded within five weeks from agreeing terms to completion.”