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Surrey County Council Snaps Up Retail And Leisure Property For £11.8M

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49-59 & 77 Friar Street,  Worcestershire

Surrey County Council purchased a prime leisure complex in the heart of Worcester city centre in Worcestershire for £11.8M.

The 37k SF property, which was bought from Avignon, is anchored by Vue Cinema, Nandos and Subway and includes 13 residential units.

The purchase follows a number of significant investment deals completed by BNP Paribas Real Estate on behalf of local authorities, such as Arch Commercial Enterprise’s £78M purchase of Manor Walks Shopping Centre and £36M purchase of Westmorland Retail Park, both in Cramlington, in July and November, respectively.

Savills advised Avignon.