Land Securities confirmed that it has sold the White City retail park in Manchester for £85 mln. The UK's biggest commercial property company decided to sell the 23,968 m[sup]2[/sup] scheme, after it converted into a real estate investment trust (REIT). The buyer has not been disclosed, but it is rumoured that the property, anchored by the do-it-yourself company Homebase and electrical firm Currys, has been acquired by private investor Albert Gubay, founder of the Kwik Save discount supermarket chain.

Land Securities confirmed that it has sold the White City retail park in Manchester for £85 mln. The UK's biggest commercial property company decided to sell the 23,968 m2 scheme, after it converted into a real estate investment trust (REIT). The buyer has not been disclosed, but it is rumoured that the property, anchored by the do-it-yourself company Homebase and electrical firm Currys, has been acquired by private investor Albert Gubay, founder of the Kwik Save discount supermarket chain.

Land Securities put the White City park up for sale last month.