Haslemere NV has exchanged contracts for the sale of the Bloomfield Shopping Centre and Retail Park, Bangor (Northern Ireland) for Â£61 million to a private purchaser. The deal represents a net initial yield of 5.58%.
Bloomfield Shopping Centre and Retail Park comprises approximately 212,000 sq ft (19,694 sq m) of high quality retail space on a single level mall anchored by Tesco and Marks & Spencer together with 43 further units. The adjacent retail park provides approximately 78,000 sq ft (7,246 sq m) of retail warehousing and free standing units for McDonalds, Quincys Family Restaurant, Xtra-Vision as well as a Tesco Petrol Filling Station. There is car parking for approximately 2,100 vehicles.
Cushman & Wakefield Healey & Baker and Lisney acted for Haslemere. The purchaser was represented by McKibbin Commercial.