Commercial Union Properties, acting on behalf of one of its in-house investment funds, has confirmed its purchase of MEPC’s long leasehold interest in the Royal Priors retail centre in Leamington Spa, Warwickshire, for over £33.5m. The purchase includes an adjoining development site which when completed will link into the existing centre.
MEPC developed the scheme in 1987. Royal Priors provides 12,710 sq m (136,810 sq ft) with 61 tenants on two levels, including Marks & Spencer, Next, River Island, and Miss Selfridge.
Jones Lang Wootton advised Commercial Union while Healey & Baker represented MEPC.
EGi News 26/09/97
