Kirkgate up for sale

Bradford’s Kirkgate Centre is to go up for sale as part of a three-asset portfolio.

Deutsche Bank has instructed Savills to sell three centres in Bradford, Newbury and Scunthorpe for £81m.

The centres previously attracted the interest of opportunity funds and were believed to have been under offer to Catalyst Capital but the deal collapsed earlier this year.

A single bid for all three centres is preferred but individual offers will be considered.  The Kirkgate has been priced at £51.5m, representing a yield of 8.69%.

Written on 20th July 2015Mike Cartwright. Published in News