Case Studies

Canterbury - Premier Inn and Tesco

Acting on behalf of a developer client, Cradick Retail acquired the freehold interest in a prominent site in New Dover Road, Canterbury.  The property originally comprised retail units on the ground floor and office on the upper parts.

Cradick Retail provided retail advice to the developer and planning consent was secured for 6,000 sq ft of retail space on the ground floor and a 120 bedroom hotel above. Pre-lets were secured with Premier Inn and Tesco for their covenience store format and Pizza Hut delivery.

A forward sale of the investment was concluded with Aberdeen Asset Managers at £12.2m representing a net initial yield of 5.75%.

Canterbury - Premier Inn and Tesco

Eastbourne - Aldi

Acting on behalf of major discount food retailer Aldi Stores Limited, Cradick Retail acquired the freehold interest in a prominent site on Lottbridge Drove opposite Morrisons.  The property originally comprised a large industrial unit which had fallen into disuse.

Cradick Retail provided strategic and valuation advice to Aldi before negotiating with the site owners to secure the freehold interest on a subject to planning basis.  Planning was subsequently obtained in 2015 with the store being constructed for Aldi in time for opening in April 2016.

Eastbourne - Aldi