Crescent Link Retail Park in Londonderry bought for £30m
- Published
Crescent Link is one of the biggest retail developments in the north-west
The Crescent Link Retail Park in Londonderry has been bought by a Manchester-based firm.
The deal was reported by the property information service React News.
Crescent Link is one of the biggest retail developments in the north-west and the new owner David Samuel Properties has paid a reported £30m.
The development was being sold by Lotus Group, a business controlled by Northern Ireland developer Ciaran Murdock.
David Samuel Properties acts on behalf of a range of UK and Israeli-based high net worth individuals investing in European property and has recently bought a range of properties across the UK regions.
The £30m price tag means it is the second biggest property deal in Northern Ireland this year.
In April, Citigroup bought its main Belfast premises from Titanic Quarter for £34m.