Kew Retail Park sold for £8.6m
A property investment trust has acquired Kew Retail Park in Southport for £8.65m.
The 53,858 sq ft retail park, which is occupied by Poundstretcher, Carpetright, Wickes, Carphone Warehouse, Dreams and Sofology, has been bought by Drum Income Plus Real Estate Investment Trust (DRIP REIT).
The purchase price reflects an acquisition yield of 8.78% and DRIP REIT said it bolstered its presence in the North West, where it already has office investments in Cheadle and Manchester.
DRIP REIT's chairman John Evans said: "By adding Kew... 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...
