South Wales shopping centre sells for £24m
Published: 11 May, 2010
Rockspring has bought the St Tydfil Square Shopping Centre in Merthyr Tydfil, South Wales, for £24m. The sale price reflects a yield of more than 9.25 per cent.
The 190,000-sq ft shopping centre counts Argos, Wilkinson, Boots, Poundland, New Look and Body Shop among its tenants
The centre was bought by the fund manager on behalf of its Rockspring Hanover Property Unit Trust.
King Sturge advised the purchaser and the vendor, Diageo Pension Trust, was advised by Savills.
