Deals

Land Securities buys stake in Westgate Centre

13 May 2010

Land Securities has announced that it has bought a 50 per cent stake in the Westgate Centre, in Oxford from The Crown Estate for just over £28million representing a yield of 6.75 per cent. The property will be jointly held in a new Limited Partnership.

Peel sells Blackburn retail park

29 April 2010

Real estate investment fund manager Prupim has bought the retail and leisure complex Peel Centre in Blackburn for £27million.

Mansfield Tesco sold

21 April 2010

Cordea Savills, on behalf of the Charities Property Fund, has bought a Tesco Extra supermarket in Mansfield, Nottinghamshire for £43million.

Iconic Ayr hotel sold

19 April 2010

Drivers Jonas Deloitte, acting on behalf of a fund managed by Matrix Property Fund Management, has sold the iconic Station Hotel in Ayr, Scotland to a private overseas investor.

Basingstoke Council buys the Malls

6 April 2010

Basingstoke and Deane Borough Council have bought the town’s shopping centre, The Malls, through acquiring co-owner Key Property Investments’ 65 per cent share in the property.

Manchester’s Acresfield acquired by Aberdeen

22 March 2010

Advised by DTZ, Aberdeen Property Investors (API), on behalf of a pension fund client, has purchased Acresfield in Manchester city centre for £18,830,000.

Salford Shopping City sold for £40m

11 March 2010

Salford Shopping City is being sold to Praxis Holdings in a £40million deal.

Standard Life buys Scottish retail park

18 February 2010

Standard Life Investments has announced its acquisition of the East Kilbride Retail Park, Howard Avenue, East Kilbride, on behalf of Standard Life Investments’ UK Property Fund, for £18.145million.

Issa Quay Manchester sold

18 February 2010

Issa Quay, a retail and residential development on the edge of Piccadilly basin in Manchester, has been sold to a local property developer.

St Modwen sells Catford Shopping Centre

8 February 2010

St Modwen has agreed to sell Catford Shopping Centre in Lewisham, south east London, to Lewisham Borough Council for £11.52million.

Deals

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