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      Smith Price purchase five shop investments in five months for a new investment client  
     

    At a time when many property investors are retreating from the market, Smith Price has purchased five shop investments in five months on behalf of a new private investment client. The properties are:

    - H Samuel in Derby (pictured)
    - JD Sports in Bedford
    - Benson Shoe in Peterborough
    - Miss Selfridge in Norwich
    - and Jessops in Aylesbury

    The purchases total about £6.6 million and the average yield approaches 7.0%.
     
    This portfolio has been set up to take advantage of current soft market conditions to build a portfolio of prime shops in good town centres. It is anticipated that buying activity will continue through the rest of the year.
     
    Stephen Powell, senior partner of Smith Price, says ‘We have had a good run with this client and have a number of offers out on other shops at the moment.  We use our retail knowledge to source good opportunities.  We are very selective but when we agree to buy something, it gets done, so vendors like dealing with us.’
    		  
     
     
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    Smith Price LLP, 299 Oxford Street, London, W1C 2DZ . Tel 020 7409 2100 . Fax 020 7318 5757