Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.



Friday, January 20, 2024

Fosse Park to be sold for £360m

FOSSE PARK, one of Britain's biggest out-of-town shopping parks, is set to change hands for about £360 million in the biggest sale of a single retail investment property for seven years.

The sale will be the biggest since British Land bought Sheffield's Meadowhall centre for more than £1 billion in 1999.

The 416,536 sq ft shopping park, three miles south of Leicester, is being sold by REIT Asset Management, the private property company, and Apollo Real Estate to a group of private Irish investors.

REIT Asset Management bought the centre only last year for about £300 million but retail property values have soared, enticing the company to cash in after receiving a string of speculative offers for the centre before Christmas.