Greenridge has bought Bolton Shopping Park from M&G Real Estate for just over £15.1m, with pricing reflecting a net initial yield of about 10.75%.
The 127,700 sq ft scheme is located on the edge of Bolton town centre, adjacent to a Sainsbury’s supermarket and a railway station.
Tenants include Decathlon, Next, TK Maxx, Boots and Home Bargains. It also has two industrial units.
Greenridge highlighted its “continued appetite” for well-located regional investments across the UK. The latest deal follows recent out-of-town retail acquisitions in Inverness and Huddersfield.
KLM Retail advised the buyer; Savills acted for M&G Real Estate.
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