first_imgDemand from institutional investors for UK retail assets continued unabated yesterday after M&G and Standard Life separately snapped up shopping centres in Kent and Durham.M&G Real Estate has bought Fremlin Walk in Maidstone from Legal & General Property for £110m. The deal follows its acquisition of Parc Trostre in Wales for £156m this summer.Meanwhile, Standard Life Investments said it had snapped up Bishop Auckland Shopping Park in Durham for £23.6m.Shopping centres have been caught up in a frenzy of activity this year, with deal volumes ex­p­e­ct­ed to hit £6.5bn compared with £3.8bn in 2013, according to Savills. The property adviser said: “Institutional investors specif­ically have shown an appetite for shopping centre assets, driven by the continued increase in cash inflows and the sheer weight of money available.” Show Comments ▼ whatsapp Share Kasmira Jefford More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Investment managers caught up in shopping centre frenzy whatsapp Monday 24 November 2014 8:55 pm Tags: NULL last_img