British Land splashes out £94m on three new retail parks


British Land has acquired three retail parks for £94m and sold its 50% stake in another out-of-town retail destination in Preston.

The landlord said the deals are “in line with our strategy to actively recycle capital and consolidate our position as the largest owner and operator of retail parks” in the UK.

Since November, British Land has acquired the 300,000 sq ft Capitol Retail and Leisure Park in Preston for £51.5m, the 90,000 sq ft Solartron Retail Park in Farnborough for £35m and a 20,000 sq ft DFS warehouse in Cambridge for £7.35m.

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