LaSalle acquires Pontarddulais Retail Park in Swansea (UK)

LaSalle Investment Management announces that it has completed the acquisition of Pontarddulais Retail Park, Swansea, on behalf of BAE Systems 2000.

The scheme consists of 80,000 ft² (approx. 7,400 m²) and is located four miles north west of the city center on the A483 Pontarddulais Road. It comprises of nine tenancies, including M&S Simply Food, Pets at Home, Argos, Laura Ashley, and DSG.

In addition, two new lettings have just concluded with Hobby Craft, UK's largest craft supplies, art materials and inspiration for over 250 different Arts and Crafts activities, and discount store chain Poundworld.

Katie La Frenais, Associate Director, Retail at LaSalle Investment Management said: "We are delighted with this acquisition on behalf of our client and the new lettings, which continue to build on the existing strong retail offering in Swansea. This is a great purchase to add to our portfolio."

LaSalle was advised by Wilkinson Williams and Aegon UK Property Fund Limited was represented by CBRE.

Source: Citigate Dewe Rogerson

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