Craigavon retail development sites sold for £35m
The store was sold by Portadown-based Turkington Holdings to a Jersey-based property fund, the Bishopsgate Long Term Property Fund Unit Trust.
The 84,000 sq ft development is let to B&Q until 2026 at an annual rent of £1m. The sale price of £11.9m surpassed the asking price of £11.45m.
It emerged on Wednesday that British Land has bought the development on the Highfield Road which is let to Tesco for an annual rent of around £1m with a lease running until 2035.
The retail development in Craigavon was bought for £23m.