US buyer snaps up Kingsway Retail Park in Dundee

US buyer snaps up Kingsway Retail Park in Dundee
 

Kingsway West Retail Park in Dundee has been sold, with the new US owners planning to carry out significant upgrades to the major city shopping centre.
Los Angeles-based Ares Management confirmed that real estate funds it manages have acquired the 300,000 square feet site from Land Securities.
The park is home to major retailers including Next, Homebase, Boots, Currys, Toys R Us and DFS.
It is one of three retail properties acquired by Ares in the transaction, with the others in Newcastle and Derby.
Wilson Lamont, a London-based partner in Ares Real Estate Group, said they were delighted to... read more

 
23 December 2015 in Business, Views: 32
Source: The Courier
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