Maven completed the sale of a prominent retail asset in Greenock, Scotland, comprising a substantial 41,600 sq ft unit with approximately 190 car parking spaces.
The property was fully let to B&M Retail Limited on a long-term lease expiring in August 2032, providing a secure and attractive income stream throughout the investment period. Acquired in November 2019, the asset generated regular income distributions for investors and benefited from strong occupational performance.
The property was sold to Propshare Capital in August 2022 for £4.4 million, delivering a 1.75x return for Maven Investor Partners.