Lincoln retail park goes up for sale at £46m

A Lincoln retail park anchored by some of the biggest names on the high street is up for sale for £46.3m.

Banks Long & Co and Wilkinson Williams have been appointed to market Valentine Park – jointly-owned by British Land and Castle Square Developments – to potential investors.
The firms are looking for offers in excess of £46.3m.

The retail park, which is anchored by Next, TK Maxx and Asda Living – is also home to Dreams, DFS, AHF, American Golf, Harveys, Costa, Carphone Warehouse. On April 4, they will be joined by Hobbycraft.

Banks, Long & Co managing director, Tim Bradford, said: “This is a major disposal. It provides an investor with the opportunity to buy the best retail park, in a prosperous Cathedral city which is expanding.

“We expect to see strong interest from a wide range of buyers, including pension funds, specialist property investment vehicles, local authorities and larger property companies.”