CBRE Global Investors has completed the acquisition of a retail property in Brixton and a mixed-use asset in Brighton.
CBRE Global Investors has completed the acquisition of a retail property in Brixton and a mixed-use asset in Brighton.
The total investment volume comes to £19.7 mln (almost €24 mln).
The first acquisition involves a 1,600 m2 former Carpetright site on Effra Road, Brixton, which is leased to food retailer Sainsbury's for 25 years. The property was acquired for £8.2 mln.
The second acquisition, 38-42 East Street, Brighton, has been bought for £11.5 mln from West Register Properties, part of Royal Bank of Scotland.
The property totals 1,800 m2 over basement, ground and four upper floors. There are four retail units, let to LK Bennett, Comptoir des Cotonniers, Lush and Monsoon with offices and four residential flats on the upper floors.
Harvey Spack Field and Kitchen Le Frenais Morgan acted for CBRE Global Investors. The vendors were not represented.
