The Metro Centre Partnership has bought the Metro Retail Park development in Gateshead, UK for £82.5 mln (EUR 121 mln). With the acquisition, MetroCentre Partnership will own an additional 20,000 m[sup]2[/sup] at Gateshead's MetroCentre retail complex, which covers 167,000 m[sup]2[/sup] of space. The company is a joint venture between Capital Shopping Centres, a subsidiary of Liberty International, and GIC Real Estate. The MetroCentre is already the largest covered shopping centre in Europe, with more than 185,000 m[sup]2[/sup] of retail space.
The Metro Centre Partnership has bought the Metro Retail Park development in Gateshead, UK for £82.5 mln (EUR 121 mln). With the acquisition, MetroCentre Partnership will own an additional 20,000 m2 at Gateshead's MetroCentre retail complex, which covers 167,000 m2 of space. The company is a joint venture between Capital Shopping Centres, a subsidiary of Liberty International, and GIC Real Estate. The MetroCentre is already the largest covered shopping centre in Europe, with more than 185,000 m2 of retail space.
