Retail park bought by Korean investors for £175m
Korean investors have bought Gallagher Shopping Park in Wednesbury for £175m.
The 195,000 sq ft retail park, at junction 9 of the M6, is home to Next, Currys, TK Maxx and a range of furniture stores and restaurants.
Korea Asset Investment Management (KAIM) has bought the site from KKR, which had spent £123m in 2014 on unifying ownership and a further £17m on development.
Along with its operating partner, Quadrant Estates, it brought together three separate car parks to create a single retail park, while also adding four re... 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...
