Catella APAM sells Burghmuir Retail Park in Stirling

Catella APAM (“APAM”), the specialist UK real estate asset manager, is delighted to announce the sale of Burghmuir Retail Park, Stirling, Scotland to Columbia Threadneedle on behalf of Zurich Life Pension Fund for the sum of £18.69M net of top-ups and guarantees.

The 58,000 sq ft retail warehouse park was let to Waitrose and TK Maxx with one vacant unit.

Ben Dickins, Senior Asset Manager at APAM commented: “The sale was ahead of pricing expectations and represents a timely divestment of the property from a larger mixed-use portfolio for the client, taking advantage of the strong demand for well let out of town retail park investments.

It was a pleasure working with Cushman & Wakefield acting for the landlord and Avison Young on behalf of Columbia Threadneedle, concluding a swift and smooth transaction.”

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