Targetfollow acquired Peterborough Garden Park (rebranded PE1) in December 2016 for £12.9m. Through strategic asset management, marketing and events, Targetfollow fully let the property increasing net income by 40%, doubled footfall, secured a long-leasehold sale of 2.15 acres of land to Aldi for a 18,500 sf supermarket and agreed terms for a further long-leasehold sale of 1.75 acres to a self-store logistics company. Targetfollow sold the retail park in November 2022 with the final land transaction due to complete in January 2023 providing combined sales values of £19m, a 47% increase in value over the 5 years of ownership in addition to rental income representing a 10% yield per annum’ over the 5 years of ownership.
