WISHAW’S Caledonian Retail Park has been sold in a deal worth more than £20 million.

The site, which is home to retailers such as Matalan, The Range, Argos and B&M, has been acquired by Leftfield Properties from DTZ Investors. The £21.15m deal was said to reflect a net initial yield of 8.4 per cent.

Leftfield’s Frank Hawkins said the acquisition boosts the property investor’s position in the retail distribution and warehousing sector. “As e-commerce and shopping habits evolve, assets such as Caledonian Retail Park, which offer convenience and value, become increasingly attractive,” he added.