The Hercules Unit Trust has bought Phase 1 of the Prospect Place retail park in Dartford, Kent from Pillar Property for£36 million, and entered into a commitment to forward purchase Phase 2.

The 134,000 sq ft (12,450 sq m) Phase 1 is fully-let to B&Q, Carpetright, Allied Carpets and MFI. Phase 2 is due for completion in Easter 2004.

It is already more than 55 per cent let with Matalan taking 41,000 sq ft (3,810 sq m) over two levels.

Wilkinson Williams acted for Hercules and Harvey Spack Field for Pillar Property. Harvey Spack Field is also letting agent.

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