U.K. big-box retail transactions push H1 2015 volumes up 27%
Investors purchased £635 million ($989.8 million) of big-box retail assets in the United Kingdom across 28 transactions during second quarter 2015, bringing the half-yearly total to £1.31 billion ($2.04 billion), according to DTZ.
The second quarter had a number of large transactions. The five largest had a combined total of £298.4 million ($465.1 million) accounting for 46 percent of total transaction value. Transaction volumes for second quarter 2015 are up 33 percent on the same quarter of 2014, while first half of 2015 volumes are up 27 percent.
Key investments include the Birstall Retail Park in Leeds, which sold for £110 million ($171.5 million) to Legal & General Property; the Gateway Retail Park in Beckton, which sold for £47.75 million ($74.43 million) to Standard Life; the Brislington Retail Park in Bristol, which sold for £47.35 million ($73.8 million) to Aberdeen Asset Management; Monks Cross Shopping P