Lisnagelvin retail park sold for £16.6m

The retail park in the Waterside.
The retail park in the Waterside.

A Waterside retail park has been sold for £16.6 million.

Lisnagelvin Retail park which houses Next, Matalan and TK Maxx has been bought over by M&G Real Estate.

Kerry Williams, Retail Investment Director at M&G Real Estate comments: “We purchased Lisnagelvin Retail Park for £16.6 million, thanks to the Park’s excellent location on the main road into the city centre.

“Also, its existing tenant line-up, which includes some of the UK’s most loved brands, Next, Matalan and TK Maxx, ensures it will remain a regionally dominant shopping destination.”