Boultbee sells its Maidenhead mall
Published: 01 June, 2007
Page 2
Boultbee has sold the 130,800-sq ft Nicholsons shopping centre in Maidenhead to Irish Life Assurance for £85m. Key tenants include Tesco Metro, Argos, Next, WH Smith and Ottakars and the sale represents an initial yield of 5.20 per cent and an equivalent yield of 5.75 per cent.
Boultbee MD Steve Boultbee Brooks said: "We have taken the decision to sell the property to raise equity to further our overseas expansion." Boultbee's property management arm, EFM Asset Management, has been retained to manage the centre.
Related articles:
Archives
Interactive Editions
Most read articles
- Realm to operate London Designer Outlet
- CBRE boosts UK retail management division
- Charles Miller quits JLL for NewRiver
- Plaudits for Portas
- Four new deals for Buchanan Street development
- Meadowhall opens its doors to young enterprise
- New baby changing facilities at Braehead
- Urban Outfitters chooses Meadowhall
- Planning permission granted for Charter Walk...
- LGP unveils plans for new phase in Hounslow
