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The Place, MK Sold for £19.4m

The Place, MK Sold for £19.4m

First Alliance Properties has completed the sale of The Place Retail Park, Milton Keynes, on behalf of West Register, for £19.4m, reflecting a 6.2% NIY.

The sale marks the end of a 2 year contract, during which time First Alliance Properties increased the value of the Park from £14.4m to £19.4m through hands-on asset management, which included the development of a pre-let Drive Thru unit, the completion of the development of an unfinished 5,000 sq ft unit at the end of the parade and the widening of the existing planning to further extend the retail terrace.

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