Catalyst Capital, the pan-European commercial real estate investment, asset management and development group, has sold The Regent Centre in Kirkintilloch, Strathclyde, to Killutagh Estates for £14.15m.
The deal reflects an initial yield of 6.5%.
The 78,250 sq ft shopping centre is part of the £96.6m Quartet portfolio that Catalyst Capital bought in June 2003 in a joint venture with Close Brothers and Halifax Bank of Scotland.
Killutagh Estates was represented by Colliers CRE. Conroy Laurie and Lunson Mitchenall acted on behalf of Catalyst Capital.
References: EGi News 26/04/05
