Castlepoint Shopping Park, Bournemouth
Delancey and Threadneedle have taken full control of Castlepoint Shopping Park in Bournemouth. The investors have acquired Abrdn’s half share in the property and will now own the park In a 50:50 joint venture.
Castlepoint is the UK’s largest retail park totalling 684,000 sq ft and provides 36 units let to an attractive range of tenants including M&S, Sainsbury’s, Asda, B&Q, Next, TK Maxx, River Island, New Look, Mountain Warehouse and Boots.
Delancey commented “Having been invested in Castlepoint Shopping Park since 2010, we understand the asset and see further opportunities for it. We look forward to working alongside our JV partner to maximise its potential for retailers and shoppers, taking its place as a leading shopping destination befitting of its scale and regional dominance. Completion of the acquisition allows the JV to review the tenant mix in light of changing consumer habits.”
A PDF brochure is available here; Castlepoint Shopping Park, Bournemouth.
For further information please contact
Price:
Type: Investment Purchase
Status: Completed
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