New Frontier Properties has bought the Houndshill Shopping Centre in Blackpool from Blackstone and Catalyst Capital for £105m.
New Frontier Properties has made its debut in the UK retail market with the purchase of two shopping centres in Middlesbrough and Burton upon Trent for £179m from F&C REIT.
Waypoint Asset Management has acquired the Britten Centre in Lowestoft, Suffolk, on behalf of a client, for £6.65m, reflecting an 8.7% net initial yield.
Local Retail Fund has acquired Market Square Shopping Centre near Leeds for £3.8m, representing a net initial yield of 8.51%.
Local Retail Fund has acquired two neighbourhood retail parades in Northampton and Peterborough for £10.175m, representing a net initial yield of 7.3%.
Local Retail Fund has completed a letting to Sainsbury’s for its new convenience training facility in London.
Local Retail Fund has completed the acquisition of the Co-Operative in Leominster, Herefordshire, for £3.3m, representing a net initial yield of 7%.
Local Retail Fund has acquired a portfolio of neighbourhood parades from Morrisons for a total of £7.565m, to reflect a net initial yield of 8.5%.