The portfolio comprises multi-let retail properties in Cambridge Street, Glasgow; Main Street Shopping Centre, Barrhead; Bargarren Shopping Centre, Erskine and Church Street, Inverness. The total lettable space is approximately 105,000 sft and the tenants include The Big Group, DEFRA, Lunn Poly, Scottish & Newcastle and Clark Retail. The purchase price reflects a net initial yield of 8.3%.
Halladale Chief Executive David Lockhart said: 'With some 43 tenancies, these retail properties offer us a wide range of asset management opportunities, which will enable us to both improve the retail offer and environment and increase the individual asset values.'
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