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Hortons offloads city centre units

2025-04-13 17:37:14 By

Retail and office units in Dudley Street, Wolverhampton

A city centre retail parade has been sold in an off-market deal.

London-based investor Tri Capital has acquired the units in Dudley Street, Wolverhampton, from Birmingham-based property group Hortons.

The parade comprises eight retail and office units, totalling 69,519 sq ft, which are let to tenants such as Metro Bank, Starbucks and TSB.

Hortons owned the property for more than 60 years and the sale is part of its strategy to dispose of non-core assets and re-deploy capital into projects within its existing portfolio as well as potential acquisitions.

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Earlier this year, Hortons sold the adjacent Castle Yard retail parade to a private investor for £2.7 million.

Birmingham-based MK2 Real Estate advised Hortons on the sale.

Director Mark Johnson said: "Following the sale of Castle Yard in May, we're pleased to have assisted Hortons on the disposal of its second and final retail investment in the city centre.

"The property produces a consistent rental income, with opportunities to add value through future rental uplifts and the letting of the vacant Sports Direct unit."

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Commercial Property2025-04-13 17:37:14

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Commercial Property2025-04-13 17:37:14

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Commercial Property2025-04-13 17:37:14

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Commercial Property2025-04-13 17:37:14

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Commercial Property2025-04-13 17:37:14

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Commercial Property2025-04-13 17:37:14

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Commercial Property2025-04-13 17:37:14

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Commercial Property2025-04-13 17:37:14

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Commercial Property2025-04-13 17:37:14

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Commercial Property2025-04-13 17:37:14

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