Thursday, February 15, 2024
London & Lothian purchase Skipton shopping centre for £11.5m
London & Lothian, advised by Strutt & Parker, has purchased the freehold of Skipton Shopping Centre, Skipton from a private Irish investor for £11.5m, reflecting a net initial yield of 5.1%. Franc Warwick advised the vendor.
The 31,716 sq ft shopping centre is let to tenants such as Laura Ashley, Wallis, Birthday and H Samuel. The centre achieves a total rent of £633,000 per annum.
The 31,716 sq ft shopping centre is let to tenants such as Laura Ashley, Wallis, Birthday and H Samuel. The centre achieves a total rent of £633,000 per annum.
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