Landsec has exchanged on the sale of Lakeside Retail Park in Thurrock for a headline price of £114 million to DTAM Apex Lakeside Bidco, of which Farran Investments serves as an asset manager and a minority co-investor. The sale price reflects an income yield of 6.75%, with the transaction slated to complete by the end of April.
Park Place Retail and Rosebury Real Estate acted on behalf of Landsec.
For further information, please contact:-
Paul Wilkinson
07770 585 313
paul.wilkinson@parkplaceretail.co.uk