SHOPPING centre investor Ellandi is to acquire The Strand in Bootle, Merseyside, for approximately £27m.

Ellandi is in the process of buying the 400,000 sq ft site from US-based Kennedy Wilson which acquired the centre last year as part of the £250m Britannica Fund.

The deal, which is expected to be finalised in several weeks, takes Ellandi’s portfolio to 13.

Elsewhere in the North West it owns Ladysmith Shopping Centre in Ashton-under-Lyne and Middleton Shopping Centre.

The Strand has 130 tenants including Argos, Boots and Marks & Spencer.

Source: The Business Desk
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