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Tuesday, April 20, 2021

Housebuilder to take part of Kew Retail Park in £ 41million deal

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The art of Kew Retail Park has been sold to a builder in a £ 41million deal that has been struck, in a move that could signal the arrival of new homes.

FTSE 250 UK Commercial Property Reit, which invests in office and warehouse space and has reduced its exposure to some retail real estate in recent years, said the deal was with a ‘home builder of prominent in the UK ”.

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He did not list the buyer’s name, but real estate news website React News reported that the Berkeley Group is the buyer. Berkeley has been contacted for comment.

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