Peel goes shopping for Lowry Outlet Mall
14th August 2012
PEEL Group has bought the Lowry Outlet Mall in Salford from North West rival Emerson in a deal worth around £70m.
Peel founder and chairman John Whittaker hailed the deal for the 300,000 sq ft of retail and leisure centre, which lies next to its MediaCity:uk development as "an important strategic acquisition."
Peel said the deal incorporates the 80-store retail and leisure experience, as well as the car park. Financial terms were not disclosed though the price tag is understood to be close to £70m.......for the full story register now for free or login below...
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