Halladale sells Stockton-on-Tees retail warehouse for 23.35m (UK)

Halladale Group plc has sold a retail warehouse investment in Stockton-on-Tees, northern England, for £23.35m to private investment group Block UK Ltd, a joint venture between Block Holdings Ltd and UK Land Estates Ltd.

The property was purchased approximately two years ago for £17.2m in a 50/50 arrangement with co-investment partner Kodak Pension Fund, managed by LaSalle Investment Management. David Lockhart, Chief Executive of Halladale said: "Having completed our asset management strategy we have taken advantage of strong market demand to sell and exit."

Source: Freeman

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