Telford retail park acquired in £42m move

A Shropshire retail park has been acquired by a real estate company in a move costing more than £40m.

Hammerson said it acquired Wrekin Retail Park in Telford for £42m including acquisition costs, with Legal & General Property being the seller.

The firm added it aimed to improve returns through initiatives including introducing more "high quality brands and increasing the catering offer".

The site, on the edge of Wellington, is close to the M54.

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