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Retail Parks change hands

Estates Gazette 03.02.2007

More than £235m of retail parks changed hands this week. Henderson selling its 63,252 sq ft Staples Corner in Brent Cross, Middlesex, to New Star Asset Management for £80m and buying the remaining 25% stake in The Brewery in Romford, Essex, from Invista for £55m; Arlington Securities bought the 218,000 sq ft Newcastle Shopping Park from Standard Life Investments for £55m, while Morley paid British Land £44.45m for the Purley Way centre in Croydon.

HP Four represented Arlington Securities on their Newcastle purchase.

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