Eurohypo, Europe's largest commercial real estate bank, has funded the Bank of Ireland Private Banking's £209 mln (EUR 308 mln) acquisition of a 50% stake in New Mersey Retail Park in Liverpool, England. This is the seventh-largest retail park in the UK, and includes over 44,000 m[sup]2[/sup] of commercial space with 30 retail units and 1,900 car parking spaces. Tenants include Marks & Spencer, Next, Gap, River Island and B&Q. New Mersey Retail Park is the primary out-of-town retail park serving Liverpool, with over 1 million people living nearby. Bank of Ireland Private Banking purchased the stake, on behalf of its clients, from Hercules Unit Trust (HUT), which was advised by British Land.
Eurohypo, Europe's largest commercial real estate bank, has funded the Bank of Ireland Private Banking's £209 mln (EUR 308 mln) acquisition of a 50% stake in New Mersey Retail Park in Liverpool, England. This is the seventh-largest retail park in the UK, and includes over 44,000 m2 of commercial space with 30 retail units and 1,900 car parking spaces. Tenants include Marks & Spencer, Next, Gap, River Island and B&Q. New Mersey Retail Park is the primary out-of-town retail park serving Liverpool, with over 1 million people living nearby. Bank of Ireland Private Banking purchased the stake, on behalf of its clients, from Hercules Unit Trust (HUT), which was advised by British Land.