LONDON-Legal & General Property has sold Brighton Retail Park on Carden Avenue in East Sussex for GBP 17.75 million to a Scottish Widows Investment Partnership client. The company has sold the park, which comprises 42,329 square feet of retail warehousing space, for its Linked Pensions Fund.
The retail property, which sits on 2.67 acres of land, is fully leased to Argos, Marks & Spencer Simply Foods and Next. CBRE represented the seller and JLL represented the buyer in the deal. For the full story, go to Europe Real Estate .
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