Havens Head Retail park in Milford Haven has been sold for £14.4million.

Metric Property Investments has acquired the park, home to the newly extended Tesco store, health and beauty retailer Boots, Fashion group Peacocks and Littlewoods, from Land Securities.

Andrew Jones, CEO of Metric, said: "This is our first on-market acquisition and it represents a good opportunity to acquire a long dated food store and open A1 retail park investment off low rents and at an attractive yield.

"There are asset management opportunities to further extend the Tesco store, increase the rental tone and to continue to improve the tenant mix."

Milford Haven mayor councillor Eric Harries said: "Whilst my primary concern is the regeneration of Charles Street I also recognise the Havens Head Retail Park is a very important development in the centre of the town.

"It is interesting to learn the complex has changed hands and it is to be hoped that the new owners will be successful in providing a first class expanding service to the people of Milford Haven and the surrounding areas."

Dominic O’Rourke, Head of Retail Warehousing of Land Securities, said the site attracted a high level of interest.

The Milford Haven deal looks set to be completed in June 2011.

What do you think about Havens Head Retail Park being sold? How would you like to see the retail park improved or changed?

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