The outlets – Morfa Shopping Park in Swansea, Westside Shopping Park in Guiseley and Abbotsinch Retail Park in Paisley – sold for a combined value of more than GBP220 million.
The Appleby deal team was led by Managing Partner James Gaudin and Counsel Daniel Healy.
Speaking on the transaction, James said: “We have advised AshbyCapital throughout the life of its investment in these assets and it is wonderful to help them exit these assets with such an excellent return on investment.”
Daniel added: “Given the challenging economic conditions over the last couple of years, it is great to start the year with this positive transaction and, as we are seeing valuations stabilise, we anticipate an uptick in real estate acquisitions.”
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