Terrace Hill Sells Derbyshire Outlet Mall

LONDON-Terrace Hill Group has sold its Peak Village outlet and leisure development in Rowsley, in the Derbyshire Peak District, to a private investorfor pounds 8.6 million ($14 million).

By Graham Parker | August 11, 2003 at 01:01 AM

Robert Adair, group chairman of Terrace Hill Group, said: "The net proceeds will reduce gearing and will be applied towards the many exciting developments opportunities which the Group has on hand." Terrace Hill has a current development programme totalling 2.1 million sf of commercial floorspace in all sectors with a potential end value of £200 million ($320 million)

Donaldsons acted for Terrace Hill and Allsop & Co acted for the purchaser.

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