Monday, July 15, 2024

Junction completes Lakeside retail park buy-out

The Junction Fund has bought out Strathclyde Pension Fund’s interest in the Thurrock shopping park.

This now means that the park can now be sold as part of a complete package or portfolio.

At the same time, West Thurrock Retail Park and the Kiddicare unit have also been sold to the same Strathclyde pension fund.

This leaves the Junction Fund holding 100% of Lakeside Extra Retail Park, Tunnel Retail Park and Lakeside Leisure Park at Thurrock.

Together these schemes provide 268,000 sq ft of retail space and opportunities that include redevelopment of the former cinema at Lakeside Extra to provide 30,000 sq ft of additional open A1 non-food retail and a comprehensive redevelopment of the Leisure Park.

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