£6.2m deal completed for central Coventry shopping centre

£6.2m deal completed for central Coventry shopping centre

A mixed-use leisure scheme in Coventry city centre has been sold for £6.2m, it has been confirmed.

Bromwich Hardy has completed the sale of the 30,570 sq ft Priory Place Shopping Precinct to European investors which includes ten restaurants, two retail units and the base of the BBC Coventry and Warwickshire radio station.

The company has been asset managing the development for the last six years.

The site had previously been owned by Complex Development Projects.

James Brookes, partner at Bromwich Hardy, said: “Coventry is the place to be in the Midlands currently, there is so much going on in all of the various property markets, in particular, strength being shown in the Investment market with trading assets changing hands on increasingly lowered yields.

“There is a lot more to come from the city in 2019 and it is an exciting place to be doing business for the future.”

Source: Insider Media Limited

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