A RETAIL park owned by M&G's shuttered property fund has been bought for more than £50m to be converted into warehouses.
The deal indicates the growing dominance of online retail which requires large amounts of warehouse space to service customers.
The 128,000 square feet Ravenside retail park in
The move to convert a retail park into warehouse space is symbolic of the increasing importance of online retailers, which have grown at the expense of bricks and mortar rivals.
"The
"Because of this, our customers, who include household retail names such as Amazon, Argos and
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