CBRE Secures Sale of Dumfries Retail Park for £11m

Dumfries Retail Park

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

LEADING real estate advisor CBRE has completed the sale of Dumfries Retail Park on behalf of a local government pension fund for £11 million.

It was purchased by a London-based private investor, represented by Archer Property Consultants.

Located on the edge of the town centre in the out-of-town retail cluster, Dumfries Retail Park occupies a highly visible position on the Kilmarnock roundabout at the junction of the A75 Dumfries bypass.

The scheme, which extends to 85,752 sq ft and sits on a site of 7.55 acres, is anchored by a recently re-geared 28,050 sq ft Wickes store. The remainder of the park is occupied by tenants including Home Bargains, Currys, Carpetright and Greggs.

Martyn Brown, Director at CBRE, commented: “We’re pleased to announce the sale of this high-profile retail park in Dumfries. With a strong tenant mix and a prime location, including the potential to take advantage of multiple asset management opportunities, the sale attracted strong interest from a range of UK-wide investors.”

Derek Archer of Archer Property Consultants, who represented the purchaser, added: “We’re very pleased to complete this purchase on behalf of our private client.  The retail park will provide our client with a good medium to long-term core income, secured to an excellent tenant line-up and let off sensible and sustainable rents.  There is also the opportunity to enhance the tenant roster via the letting of the remaining vacant space and potential to add a further pod cluster or single unit.”


Related News