Bank of Ireland buys 50% interest in London shopping park

Bank of Ireland Private Banking today announced that it has acquired a 50% interest in Gallions Reach Shopping Park for £78.8m (€116m) on behalf of a number of its private clients.

Gallions Reach Shopping Park, which opened in 2003, is located at Beckton in East London, close to London City Airport. It comprises 32 units and two food units in 209,000 sq.ft. Of shopping space. Tenants include Next, Boots, JD Sports, WH Smith and Borders.