British Land has acquired the 339,000 sq ft Vangarde Shopping Park at Monks Cross, which was previously owned by the Associated British Foods Pension Scheme.
British Land has acquired the 339,000 sq ft Vangarde Shopping Park at Monks Cross, which was previously owned by the Associated British Foods Pension Scheme.
The retail park in Huntington was developed by the Wetherby-headquartered Oakgate Group in 2014.
Oakgate, which is part of the Caddick Group, sold it on that year to the institutional investor for £62.5 million.
The Vangarde Shopping Park is home to Yorkshire’s largest Marks & Spencer department store, the former John Lewis, which became Go Outdoors, it’s largest in Europe, and a 30,000 sq ft Next.
In addition, the site also contains eight restaurants and kiosks units including Nando’s, Prezzo, Costa, Caffe Nero, Loungers and Mama Doreens.
There are 1,340 free car-parking spaces.
British Land has been growing its portfolio of retail sites since last year.
Last October it bought seven retail parks from Canadian investment management company Brookfield for £441m.
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