Metro Park May Not Reach Pounds 95m

Summary


Metro Retail Park in Gateshead may be sold for less than the pounds 95m price tag placed on it four months ago.

London-based Savills, which put the 220,000 sq ft property on the market in September on behalf of owner Royal London Asset Management (RLA), yesterday said it was talking to a "number of buyers" and expected to conclude a sale in the next few weeks.

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Extract


Metro Park May Not Reach Pounds 95m

Savills investment agent Katie Taylor said: "We are talking to a number of parties at a number of different [price] levels."

Asked if the agent had...

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