CB Richard Ellis Realty Trust has bought a retail park in its second retail purchase in the UK.

It has bought Maskew retail park, a 144,400 sq ft property in Peterborough, for £30m.

Maskew Retail Park is made up of two retail blocks and is fully leased on a long-term basis to B&Q, Matalan and Argos - with an average remaining lease term of over 17 years.

The purchase takes CB Richard Ellis Realty Trust exposure to outside the US to 19% of its assets. Its management team worked with the acquisitions team from CBRE Investors in London to acquire the property.