7th Mar 2006 09:17
British Land Co PLC07 March 2006 7 March 2006 British Land sells Auldhouse Retail Park, Glasgow for £39.8 Million The British Land Company PLC ('British Land') has completed the disposal ofAuldhouse Retail Park, Glasgow for £39.8 million to AXA REIM UK Limited. Located in the Pollockshaws district of Glasgow five miles south of the citycentre and close to Junction 1 and 2 of the M77, the scheme comprises 118,000 sqft (10,962 sq m) of retail accommodation with an open A1 non-food (partiallyrestricted) planning consent. The tenant line-up includes a number of nationalretail brands including Homebase, Carpetright, MFI, Powerhouse, Harry Corry,Linda Reid and Comet. Planning consent has also been obtained to increase thepark by a further 20,000 sq ft (1,858 sq m). Commenting on the transaction, Darren Richards of British Land said: "The disposal of this park follows a recent strategic review of our retail parkportfolio and we are delighted that the transaction has now completed with AXA." Montagu Evans acted on behalf of British Land and Donaldsons acted on behalf ofAXA REIM UK Ltd. Contacts: The British Land Company PLC:Andrew Jones, Co-Head of Asset Management Tel: +44 20 7486 4466 Finsbury:Edward Orlebar Tel: +44 20 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land