Riverside Capital achieves practical completion on Leeds retail units

Riverside Capital has reached practical completion on its Leeds retail investment: two new-build properties, which were forward funded in April last year.

The properties are let to Aldi supermarket, Pure Gym and discount retailer, Poundworld on 20, 15 and 12 year leases respectively.

Aldi has already begun trading, with Pure Gym and Poundworld now completing their fit-outs before commencing trade by the end of the month.

A four year loan on the investment has been secured with RBS at an interest rate of 3.22%, exceeding business plan projections.


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