Retail park acquired by property investment firm for £37.5m
A retail park in Wakefield has been acquired in a deal worth £37.5m.
Beck Retail Park is anchored by a 66,000 sq ft Sainsbury's store, which is let on an unexpired lease term of 19 years and accounts for just under 50% of the income.
Other tenants at the park include B&M Bargains, Home Bargains, Matalan and The Range.
Property investment firm Palmer Capital purchased Beck Retail Park from Aberdeen Standard, on behalf of a Middle Eastern investor.
This deal is the first major retail park deal for Palmer Capital sinc... For the full story register now for free or login below...