"Having acquired this investment for iii Fonds just under two years ago, they are delighted with the result and I am sure it will continue to perform well for the purchaser," says John Hamilton, partner at Cushman & Wakefield Healey & Baker and advisor to iii-Fonds. Lisney (Belfast) represented WG Mitchell.
The Sauchiehall deal is Scotland's second biggest investment deal of the year. In February, Edinburgh's Cameron Toll shopping center flipped to a private Irish investor for around euro 113.7 million ($136.6 million). And in the same month Glasgow council sold for euro 77 million ($92.9 million) what is set to become Glasgow Fort, Scotland's second biggest retail park. The Auchinlea Partnership, a 50/50 joint venture between Pillar Property and Capital & Regional, will develop the 445,000-sf Glasgow Fort shopping park. Plans include 145,000 feet of leisure.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.