Wereldhave acquires Dolphin Shopping Centre in Poole

Wereldhave has reached agreement to acquire the Dolphin Shopping Centre in Poole, Dorset, for €101m, reflecting a net initial yield of 6%.

Wereldhave says the centre dominates the retail provision within the town providing just over 100 shops and restaurants over two levels: these include such major international brands as Marks & Spencer, Primark, British Home Stores, New Look, River Island, Boots the Chemist, Next and the Arcadia brands; including TopShop, Burton and Dorothy Perkins.

The centre provides a 'community' facility incorporating the main library and other recreational facilities and adjoins the town's main railway station.

It incorporates the bus terminal and a greater proportion of the car parking facilities are either above or adjoin the centre.

Story provided by StockMarketWire.com

13/12/2010