Tesco sells Kilmarnock shopping parade in seven-figure deal
The firm has snapped up Western Road Shopping Centre on behalf of Sheet Anchor Investments 2, one of the LCP group of managed companies.
It agreed a price of just under £1.1 million with Tesco, which has an adjacent store and owned the fully occupied parade of seven units.
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Hide AdDermit Smith, associate director retail at LCP, said: “LCP has long focused on acquiring local shopping parades and this acquisition fits perfectly with our model of providing a sustainable income stream, thanks to our proactive asset management. Given its densely populated residential location, this is a superb investment and a super facility on many people’s doorsteps.”
LCP was advised by Galbraith. Tesco was advised by EYCO.