Retail park in Huddersfield anchored by Aldi is sold in £10.6m deal

FPG (UK) LTD has acquired the fully let Gallagher Retail Park in Huddersfield. Other tenants at the park include McDonald’s, M&S Food, Home Bargains and Pets at Home.

A spokesman said: “The park has remained open and trading throughout the lockdown period and provides modern, well specified out of town retailing suitable for a wide variety of tenants.”

Ryden’s Manchester office provided advice in connection with the acquisition, acting on behalf FPG.

Ian Whittaker, an associate at Ryden, said: “These have been really challenging times for everyone, and for my client to secure funding and commit to such a significant investment in the current climate is a testament to themselves and shows their ability to perform in even the most testing of markets.

“The park clearly has COVID-defensive attributes and I fully expect it to be an excellent acquisition for my client. Coupled with asset management opportunities to push income further it represents a fantastic investment considering such unprecedented times.”

FPG (UK) LTD , which was established in 2013, has built up a significant property portfolio which mainly consists of retail parks and logistics warehousing.

In a statement, FPG (UK) Ltd said: “We are pleased to have acquired in such challenging market conditions and shows our commitment in continuing to grow our portfolio and ability to close transactions.

“We are pleased at acquiring this key community retail park which has been trading throughout the lockdown period. FPG (UK) LTD continues its search in the wider market to diversify its portfolio and meet its growth objectives”

Editor’s note: first and foremost - and rarely have I written down these words with more sincerity - I hope this finds you well.

Almost certainly you are here because you value the quality and the integrity of the journalism produced by The Yorkshire Post’s journalists - almost all of which live alongside you in Yorkshire, spending the wages they earn with Yorkshire businesses - who last year took this title to the industry watchdog’s Most Trusted Newspaper in Britain accolade.

And that is why I must make an urgent request of you: as advertising revenue declines, your support becomes evermore crucial to the maintenance of the journalistic standards expected of The Yorkshire Post. If you can, safely, please buy a paper or take up a subscription. We want to continue to make you proud of Yorkshire’s National Newspaper but we are going to need your help.

Postal subscription copies can be ordered by calling 0330 4030066 or by emailing [email protected]. Vouchers, to be exchanged at retail sales outlets - our newsagents need you, too - can be subscribed to by contacting subscriptions on 0330 1235950 or by visiting www.localsubsplus.co.uk where you should select The Yorkshire Post from the list of titles available.

If you want to help right now, download our tablet app from the App / Play Stores. Every contribution you make helps to provide this county with the best regional journalism in the country.

Sincerely. Thank you.

James Mitchinson

Editor

Thanks,