Friars Walk, Newport
Canadian investment company Talisker Corporation has completed the acquisition of Newport shopping centre Friars Walk.
Newport City Council leader, cllr Debbie Wilcox, has welcomed the deal which will ensure the council can repay the loan it took out to finance the scheme in full.
Cllr Wilcox said: “Firstly, I would like to thank all those involved in what is necessarily a complex process for successfully completing the sale and welcome Talisker to the city.
“I believe their confidence and commitment to Friars Walk bodes well for the future of both the centre and Newport.
“The council will have a continuing financial interest in the scheme through a small share in the rental income that will bring benefits to the city for many years to come.”
David Howard, of Talisker, said; “We are very excited about the newest addition to our portfolio of UK properties. Friars Walk offers a modern, well thought out scheme with a secure income stream with a lot of potential for future growth.
“We look forward to working closely with the community, our tenants and the city council to ensure that Friars Walk continues to mature into the true heart of Newport.”
BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans.
For more information visit www.togethermoney.com
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