REDEVCO has purchased the freehold investment of a block of prime multi-let retail properties at 56-76 Commercial Road, Bournemouth from a private Irish investor for £31 million (approx. 35 million).
Part of the block was redeveloped in 2005 and the remainder will be redeveloped by Redevco in due course. The properties are located in a prime position opposite Marks & Spencer and adjacent to Primark on the pedestrianized section of Commercial Road.
JLL advised REDEVCO and Cushman & Wakefield and BTW Shiels represented the vendor.