Redevco grabs One Tower Bridge commercial units for £70m

Redevco has bought the food and beverage (F&B) commercial units of the new mixed-use One Tower Bridge development in London for £70m (€78m) from the developer Berkeley Group.

The retail real estate manager said the property acquired at One Tower Bridge on the south bank of the Thames river, comprises 7,720sqm of retail, restaurant and cultural space, with 11 F&B and two retail units, as well as the Bridge Theatre.

Andrew Vaughan, CEO Redevco, said Redevco is constantly on the lookout for opportunities aligned with changing consumer spending patterns and a growing focus on leisure such as mixed-use and F&B-led investments.

“London ranks as a leading global destination in this respect and this location, adjacent to Tower Bridge, encapsulates the key elements we are looking for in our experience-led investments.

”It is situated next to a world-class tourist attraction, which is a magnet for large numbers of visitors. The location also benefits from the footfall from offices and local high-end residential developments in the area.”

Related images

  • One Tower Bridge London

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2563

    Asset class: Mid & Small Cap Equities.
    Asset region: Global.
    Size: USD $130m.
    Closing date: 2019-09-27.

  • QN-2564

    Asset class: Large Cap Growth Equities.
    Asset region: Global Developed Markets.
    Size: USD $130m.
    Closing date: 2019-10-04.

  • DS-2567

    Closing date: 2019-10-02.

  • QN-2569

    Asset class: Local Currency Bonds.
    Asset region: Global Emerging Markets.
    Size: $500m.
    Closing date: 2019-10-10.

Begin Your Search Now