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... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...