Shopping centre bought out of administration for £7.1m
Praxis Capital has completed the acquisition of the under-administration Westmorland Shopping Centre in the heart of the Lake District town of Kendal for £7.1m
It is the London company’s first return to the sector since 2013.
Gary Roberts, managing director of Praxis Capital, said: “Secondary shopping centres, or more specifically, community retailing is a sector that we have been actively monitoring for the last 12 months.
"Whilst we accept that the market is going through a seismic and fundamental structural change, th... 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...
