Acquisition of shopping centre in Bristol, for £50m
HSBC Specialist Investments (HSIL) has purchased The Galleries, Bristol from The Mall Fund for c.£50m.
The property comprises a 340,000 sqft shopping centre plus a 1,000 space car parking in the very centre of Bristol. The centre’s tenant list includes a number of well-known high street retailers including Argos, Boots, Gap, Laura Ashley, TK Maxx, WH Smith & Waterstones and others.
Neville Paterson, Director, European Real Estate Investments at HSIL said:
“We are delighted to have acquired The Galleries in Bristol. The shopping centre presents an exciting opportunity to implement a number of targeted capital expenditure initiatives and to re-position it in the market."