Altum acquires Cardiff’s Avenue Retail Park

November 2015
Walworth Road, London

Altum Capital has acquired Avenue Retail Park in Cardiff from Apollo and M&M Asset Management.

The 119,034 sq ft retail park, which fronts Newport Road to the east of the city centre, is home to tenants Home Bargains, Homebase, Magnet, Matalan, M&S Simply Food and Greggs.

Scott Nicol of Altum Capital commented, “This is the dominant retail park in Cardiff and underwent significant expansion 10 years ago. We see immediate asset management potential and we are in discussions with a complimentary retailer for the only empty unit on the Park.”

Chapman Petrie advised Altum Capital and DTZ advised Apollo and M&M.

Press Enquiries – Ian Purvis t: +44 (0) 20 7647 4420 e: ian@porterfield.co.uk

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