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Caledonian Retail Park has changed hands in a £21.15 million deal.

Commercial real estate investor Leftfield Properties have snapped up the site, which is home to Matalan, The Range, Argos and more, from DTZ Investors.

The site includes eight retail units along with six industrial properties.

Frank Hawkins, director at Leftfield Properties, said: “The acquisition further enhances our strong position within 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.

“Our hands- on asset management programme will ensure that the park capitalises on these trends.”

Stuart Orr, director at Savills investment team in Glasgow which advised Leftfield Properties said the site represented “a rare opportunity to acquire a convenience-led retail scheme that enjoys strong fundamentals with good income and the ability to add value”.