PRUPIM buys Wigan Sainsbury’s

Marus Properties LLP has disposed of its freehold interest in a Sainsbury's foodstore at Marus Bridge Retail Park, Wigan to an unnamed fund advised by PRUPIM for £39.24m.

The sale price reflects a net initial yield of 4.61% after purchasers' costs of 5.8%.

Marus Properties was advised by niche property consultancy, B8 Real Estate and Manchester law firm, Kuits Steinart Levy. PRUPIM was advised by Jones Lang LaSalle and Nabarro Solicitors.

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