Commercial Property News

Commercial property retail park sold for £48 million

A large retail park housing a number of commercial properties has sold for the sum of £48 million.

It emerged the Scottish Widows Investment Partnership (SWIP) purchased the Longwood Road Retail Park from Corbo Properties.

Situated in Newtownabbey in Northern Ireland, the site contains a vast amount of retail space and is said to be one of the country's largest non-food retail parks.

The previous owner of the outlet has made a number of sales during recent months, with Damolly Retail Park in Newry, County Down, purchased by Metric Property Investments in June.

Corbo Properties secured the deal for £34.9 million and went on to sell Donegall Place in Belfast for £8.75 million to CBRE Investors.

In April this year the company revealed its plans for a retail and leisure development in Omagh that will extend the commercial area.

A shopping mall spanning 800,000 ft was included in the proposals, as well as restaurants, a cinema complex and a bowling alley.

Posted by James Collins ADNFCR-2842-ID-800052227-ADNFCR

Fri, 3rd Sep 2010

Return to Previous Page

Latest Commercial Property News
Date Headline
Page: 1 2 3 4 5 6 7 8 9 10 11 Next
Fri, 3rd Feb 2012 Fullers buy 15 Enterprise pubs for £22.9 million
Thu, 2nd Feb 2012 Great Portland Estates continue H1 progress in Q3
Tue, 31st Jan 2012 Ashley House and Care Capital testify to slow NHS primary care market.
Thu, 26th Jan 2012 M&B LFL sales improve in Q1 amid boardroom disarray.
Thu, 26th Jan 2012 Patrick Vaughan reveals increased London & Stamford dividend and forsees significant opportunities in 2012
Tue, 24th Jan 2012 2011 commercial investment property transactions were down 6.5% on the previous year
Tue, 24th Jan 2012 Bonmarche may be lucky as other Q1 retail failures struggle to attract buyers
Tue, 24th Jan 2012 Land Secuities Salway judges time to move on has arrived, as Q3 results meet expectations
Thu, 19th Jan 2012 William Hill produce solid Q4 result with the retail estate earning its corn
Wed, 18th Jan 2012 JD Wetherspoon report continued robust trading in Q2
Wed, 18th Jan 2012 Canary Wharf buyout lame duck partners to press ahead with Wood Wharf development
Tue, 17th Jan 2012 Greene King report strong Christmas trading in a robust Q3 performance
Tue, 17th Jan 2012 Taylor Wimpey looking profitable in 2011 as better volumes, margins and less debt assist.
Mon, 16th Jan 2012 UK house prices outside London continue to fall.
Mon, 16th Jan 2012 Bovis Homes report sales last year up 8% and better margins
Thu, 12th Jan 2012 Barratt continue their struggle back to profitability with H1 sales up 8%.and better margins.
Wed, 11th Jan 2012 Galliford Try substantially increase housing sales as mortgage availability improves.
Tue, 10th Jan 2012 Development Securities continues deliver solid results
Mon, 9th Jan 2012 Persimmon Homes move into the black as cash piles in
Thu, 5th Jan 2012 Sutton Harbour goes to the market to fund Millbay Marina Project.