A Dartford shopping centre has been snapped up by private investors for £33 million.
The Priory Shopping Centre off Instone Road, which went into receivership in December 2013, has been bought by property fund Curzon Capital Partners III.
Its buyers, who bought the site from the Co-operative Bank, were enticed by the "discounted price" for the 180,000 sq ft centre and long-standing tenants Wilkinsons, 99p Stores, Poundland, Superdrug and McDonalds.
Priory Shopping Centre, Dartford
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Peter Mather, Managing Director of Investments at Tristan Capital who advised on the purchase, said: "Dartford is a major London conurbation and the Priory Centre forms an important part of the town’s retail offer, including the primary supermarket and car parks within the town."
The property has been acquired in conjunction with leading community shopping centre investor Ellandi.
Mark Robinson, Property Director at Ellandi, said: "Ellandi has the experience and track record of achieving real change within the communities in which we invest and we look forward to working with all local stakeholders to revitalise Dartford town centre."
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