Wordsley Green Centre, Stourbridge

A neighbourhood retail centre comprising of 11 units with residential flats above.

Date
1995

Transaction Size
£ 1.2m

Principal Investor
Chainbow

Accomplishments
Improved tenant mix of the property
Increased awareness of the Centre
Took surrenders of flats from shop leases and let off on Assured Shorthold Tenancies, increasing the rent roll

Exit & Returns
IRR of 31.2% (unlevered)