U.K. Commercial Property Trust (UKCPT) has acquired the St. George’s Retail Park in Leicester, U.K., from a fund run by JP Morgan Asset Management, The Wall Street Journal reports. The investment trust, managed by Ignis Real Estate, paid a total of £49.9 million for the acquisition.
The key tenants of the retail park include Wickes, PC World, Currys, Comet, Aldi, Pets at Home, Next, Brantano, Toys r Us, Mothercare and KFC. The buyer was represented by BNP Paribas Real Estate and Sanders Cartwright, adds Property Magazine International.
Click here for the story fro The Wall Street Journal.
Click here for additional coverage from Property Magazine International.