New Sprucefield owners appoint leasing agent
Commercial property agents Lambert Smith Hampton have been appointed as the management and leasing agent on Sprucefield Retail Park.
NewRiver REIT's acquisition of the 47-acre scheme from Intu Properties Plc cost £40m. It said it has plans including the 18 acres of development onsite with hopes to convert it into a mixed-use project to possibly include a hotel scheme.
Keith Shiells, director of Lambert Smith Hampton, said: "There are already a number of interested parties and we expect to be able to add to the offering with exciting new additions to come in the near future."
Charles Spooner, director of NewRiver REIT, said: "We're thrilled to continue our working relationship with the team at Lambert Smith Hampton as we progress our asset management and development plans here in Sprucefield."
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