Londonderry: Lisnagelvin Retail Park bought for 拢10m
- Published
The retail park houses Next, Matalan and TK Maxx
A UK property firm has bought the Lisnagelvin Retail Park in Londonderry in a deal worth almost 拢10m.
David Samuel Property Management has paid 拢9.7m for the 62,000 sq-ft (5,760 sq-m) park, which is home to Next, Matalan and TK Maxx.
It is the company's latest purchase in Northern Ireland and the second major acquisition in the city in less than 18 months.
In 2019, the firm paid a reported 拢30m for the Crescent Link Retail Park.
Last year, the company bought Holywood Exchange Retail Park on the outskirts of Belfast for 拢18.9m.
Managing director of David Samuel Properties, Andrew Berkeley said the property firm is "delighted to have successfully concluded a further addition to our retail park portfolio".
Former owner M&G Real Estate bought Lisnagelvin Retail Park in Derry in 2015 for 拢16.7m.