Queensberry tucks into demand with Friars Walk sale
Queensberry Real Estate is preparing to sell Friars Walk shopping centre in Newport, just weeks before it is scheduled to open.
BNP Paribas Real Estate has been lined up to market the scheme, for around £120m – a 6% yield. It is due to be formally marketed in early October to a select number of parties. The 390,000 sq ft shopping centre is due to open on 12 November and is 90% let.
Queensberry and the council will be looking for a buyer which has a “long-term interest” in the scheme.
amber.rolt@estatesgazette.com
Queensberry Real Estate is preparing to sell Friars Walk shopping centre in Newport, just weeks before it is scheduled to open.
BNP Paribas Real Estate has been lined up to market the scheme, for around £120m – a 6% yield. It is due to be formally marketed in early October to a select number of parties. The 390,000 sq ft shopping centre is due to open on 12 November and is 90% let.
Queensberry and the council will be looking for a buyer which has a “long-term interest” in the scheme.
amber.rolt@estatesgazette.com
Queensberry Real Estate is preparing to sell Friars Walk shopping centre in Newport, just weeks before it is scheduled to open.
