Tri7 has bought the Portswood Centre retail complex in Southampton for £10m from previous owner Portswood Centre Ltd.
The asset is a 28,315 sq ft retail and food and beverage development, set in a two-acre site in the Portswood area, north of Southampton city centre.
The shopping centre is fully let to 10 tenants including Iceland, Pizza Hut and The Broadway pub.
The centre adds to Tri7’s existing portfolio of retail-led, long-term development opportunities, which includes the Core Shopping Centre in Leeds and Mecca Bingo in Haringey, London.
Tri7 partner Samuel Castle said: “The Portswood shopping centre offers the exact type of opportunity on which we thrive: an income-producing scheme that benefits from long-term development potential.”
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