Aviva sells Kingsgate shopping park
Published: 23 December, 2016
Orion fund buys East Kilbride park for reported £90m.
Aviva Investors has sold Kingsgate shopping park in East Kilbride to Orion European Real Estate Fund IV. The fully let park is ranked 19th in the Trevor Wood Associates league table of UK retail parks.
The property comprises a 265,832-sq ft unrestricted Class 1 shopping park anchored by Sainsbury’s, Next and M&S Foodhall. Other tenants include TK Maxx, Nike, Boots, Homebase, Argos, Halfords and Mothercare, with a WAULT of 11.9 years to lease expiry and produces a rental income of £6,647,122 pa.
Wilkinson Williams acted on behalf of Aviva Investors