Orchard Street Investment Management has acquired Staples Corner Shopping Park, London from the Henderson UK Retail Warehouse Fund (HUKRWF). The investment volume of £24.4 mln (EUR 30 mln) reflects a net initial yield of 5.66%.
Orchard Street Investment Management has acquired Staples Corner Shopping Park, London from the Henderson UK Retail Warehouse Fund (HUKRWF). The investment volume of £24.4 mln (EUR 30 mln) reflects a net initial yield of 5.66%.
Orchard Street, a specialist commercial property investment manager, carried out the deal on behalf of St James's Place property funds.
Staples Corner provides 4,600 m2 of modern retail space and the tenants include Argos, Dwell, Hobbycraft, Maplin, Wren Kitchens and TK Maxx (trading as Homesense).
The retail park is in located on the A5 Edgware Road, adjacent to the junction of the North circular and the M1 motorway.
Jones Lang LaSalle advised Orchard Street and Morgan Williams advised Henderson Global Investors.
