Martley Capital Group has sold the 687 space car park at the Mailbox Birmingham to Merseyside Pension Fund, c/o CBRE Investment Advisory (Capital Advisors), clients of TDB Real Estate.
The property was let on a 35-year long lease to Q-Park Ltd, guaranteed by Q-Park B.V. with annual rent reviews linked to RPI with a cap and collar of 2% & 4%.
With over 29 years remaining on the lease this asset provided TDB’s clients long-term, index-linked, secure income into the future.
JLL acted on behalf of the Vendors, Martley Capital.
TDB Real Estate acted on behalf of the Purchasers.
Gowling WLG were the legal representatives of the Purchasers’ and Simmons and Simmons represented the Vendors.
