Stores acquired

Leven retail park sold in £9.5 million deal

Riverside Retail Park

Catella APAM, the specialist UK & Ireland real estate asset manager, has sold Riverside Retail Park in Leven for £9.5 million to Realty Income. 

Cushman & Wakefield acted for APAM on the disposal and Avison Young acted for Realty. The deal reflects a NIY of 5.9%.

Spanning 50,539 sq ft, the park’s occupants include B&M, B&Q and Starbucks.

Ewan Stewart, senior surveyor at Cushman & Wakefield ,said: “Riverside Retail Park is a popular shopping destination servicing Levenmouth and the surrounding area.

“During their ownership, APAM carried out a series of lettings to high quality tenants.”

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