Ellandi completes on 12th Community Shopping Centre

Posted by Ellandi on 20th Oct 2014

Ellandi, the UK’s leading specialist shopping centre investor and asset manager focusing on Community Shopping Centres, has acquired The Strand Shopping Centre, Bootle.   

The Strand Shopping centre is a 356,700 sq. ft. retail scheme which was built and opened during the 1960s and subsequently extended between 1997 and 1998.   

The centre is situated in a prominent location within the town centre and provides the town’s entire prime retail provision. Key retailers within the scheme include a Marks & Spencer Outlet, Wilko’s, Boots, Argos, New Look & Tesco.   

Morgan Garfield, Managing Director at Ellandi said “We are delighted to make this latest acquisition. The Strand Shopping Centre offers both an attractive yield and opportunities for asset management initiatives to add further value. The smooth process of due diligence, acquisition management and funding, investor liaison and efficient deal execution is a testament to the expertise and resources at Ellandi.   Together with our joint venture partners and equity relationships we look to build on this and make further acquisitions for the platform in the near future.” 

To view the full Press Release, follow the link below. 

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