A Tyneside retail park has been sold to new owners for £4.1m following a competitive bidding battle.
Avison Young Retail secured the sale of Waterloo Square Retail Park, South Shields, South Tyneside, for Royal London Asset Management (RLAM).
The 40,925sq ft retail park fronts onto Coronation Street between Asda and the King Street prime retail area, close to the new bus and Metro interchange, and comprises a ingle retail terrace of three units let to B&M, Next and River Island. All three retailers have recently signed new leases.
