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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

Brace of Midlands shopping centres sold for £76m

Midlands Magnetar One Stop Birmingham Asda Boots Corby Home Bargains Sovereign Centros

A pair of Midlands shopping centres has been sold in a deal worth £76 million.

London-based Northdale Asset Management and US investor Magnetar Capital have together acquired the One Stop centre in Birmingham and Corby Town Centre.

One Stop is in the Perry Barr district, three miles north of Birmingham city centre, and is an established hybrid retail park and shopping centre. It has 80 units covering 380,000 sq ft and 1,200 free spaces in a surface car park.

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