Magel acquires outlets
Livingston retail units sold by Henry Boot
Both units have been acquired by Magel, with the sale reflecting an initial yield of 6.3%.
Dunelm Group occupies a 20,000 sq ft unit, while the second 23,000 sq ft retail warehouse is let to B&M Retail. The discount retailer also benefits from an additional 5,000 sq ft for a garden centre.
Henry Boot Developments completed the unconditional purchase of the site during 2013 and achieved a change of use.
HBD was advised by Savills and Springford. Magell was advised by Colliers.