Irish investor hammers out Forge deal
Published: 13 November, 2006
An Irish investor advised by BTWShiells has bought the Forge Shopping Centre in Glasgow for just under £138m representing an initial yield of 4.85 per cent and an equivalent yield of 6 per cent.
The Forge comprises 450,000 sq ft of retail accommodation anchored by one of Asda’s largest stores in Scotland together with a Dunnes Stores and a 7 screen Cineworld Cinema. Primark has recently opened a 20,285-sq ft store and key tenants include H&M Hennes, River Island, Bon Marche, New Look and WH Smiths.
The scheme was sold by The Grosvenor Shopping Centre Fund represented by CBRE.
