Chambers Street Properties sells UK shopping centre
Chambers Street Properties has completed the sale of Maskew Retail Park, a 144,400 square foot shopping centre on the outskirts of Peterborough, UK, for approximately USD63 million.
Chambers Street acquired Maskew Retail Park in October 2008. It was the last remaining retail property in the company’s 129-property, 35.8 million square foot portfolio.
“This sale represents the completion of our plan to strategically divest the company’s portfolio of retail assets,” says Philip L Kianka, executive vice president and chief operating officer, Chambers Street. “We continue to evaluate our entire portfolio as we concentrate our efforts on allocating more of our resources to the industrial property sector as part of our long-term investment strategy.”
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