Northern Irish group William Ewart is trying to sell three shopping centres worth a total of £300 mln (EUR 332 mln) in the UK, well-informed sources told PropertyEU. The Hammersmith Broadway, Fulham Broadway and Victoria Places schemes are located at key transport nodes in central London above Hammersmith, Fulham and Victoria mainline stations.
Northern Irish group William Ewart is trying to sell three shopping centres worth a total of £300 mln (EUR 332 mln) in the UK, well-informed sources told PropertyEU. The Hammersmith Broadway, Fulham Broadway and Victoria Places schemes are located at key transport nodes in central London above Hammersmith, Fulham and Victoria mainline stations.
The three schemes total 340,000 sq ft (roughly 32,000 m2) of retail space. Earlier this month, PropertyWeek reported that the company was considering a sale, but that a final decision was yet to be made.
In early March, CB Richard Ellis Loan Servicing (CBRELS) announced that it has begun to market the sale of eight of the nine UK properties held in the £1.15 bn White Tower commercial mortgage-backed securities (CMBS) vehicle. The company has hired Knight Frank and CBRE to sell all the assets except for the Aviva Tower.
While the Alban Gate, Leadenhall Court and New Court properties are being marketed individually, the company is seeking to sell 60 Victoria Embankment, Sampson House, Ludgate House, Millennium Bridge House and the BSI Tower as the high-yielding Thames Portfolio for an asking price of £466 mln.
In a statement to the London stock exchange, CBRELS said that it expected that the sale will allow the full repayment of the A notes and a significant proportion of the B notes.
