Login to UKBP
Commercial Property News
Cadena continues retail property investment
Cadena has continued its acquisition of retail parks with the acquisition of a site in Yeovil.
According to Property Week, the firm has purchased Houndstone Retail Park on behalf of an unnamed private investor.
The facility is said to have cost £27.3 million and it is the third of its type to be acquired by the commercial property investment in the space of two months.
It is 118,800 sq ft in size and is occupied by a number of well-known retailers, including Currys, Homebase, Halfords and Mothercare.
Director of Cadena Richard Gore said the business is "continuing to build solid momentum".
"We remain focused on new opportunities throughout the UK and look forward to further deals in 2010," the news source quoted him as saying.
The company launched its Retail Estate Fund in June of last year with the aim of investing in out-of-town shopping sites.
Typical asset values of the fund are around £35 million per property.
According to Property Week, the firm has purchased Houndstone Retail Park on behalf of an unnamed private investor.
The facility is said to have cost £27.3 million and it is the third of its type to be acquired by the commercial property investment in the space of two months.
It is 118,800 sq ft in size and is occupied by a number of well-known retailers, including Currys, Homebase, Halfords and Mothercare.
Director of Cadena Richard Gore said the business is "continuing to build solid momentum".
"We remain focused on new opportunities throughout the UK and look forward to further deals in 2010," the news source quoted him as saying.
The company launched its Retail Estate Fund in June of last year with the aim of investing in out-of-town shopping sites.
Typical asset values of the fund are around £35 million per property.
Fri, 8th Jan 2010