Investments / The Crown Estate acquires Silverlink Shopping Park
The Crown Estate has acquired the 208,000 sq ft Silverlink Shopping Park in Newcastle from LaSalle Investment Management for a price of £131 million.
Tenants on the park include, M&S, Next, The Outfit, Boots, New Look, Argos, Currys/PC World, Sports Direct, River Island, Harveys, Halfords, Poundworld and JD Sports.
New lettings have been agreed to H&M and M&S, the latter being an extension of their existing store, to provide M&S with a total of 74,116 sq ft on the park.
Price: £131 million
Type: Investment Purchase