Pramerica Real Estate Investors has bought a 2,385 m2 retail property in London’s Kensington and Chelsea district.
Pramerica Real Estate Investors has bought a 2,385 m2 retail property in London’s Kensington and Chelsea district.
The eight-unit property occupies the basement and lower two floors of a residential building on Fulham Road and is fully let. Tenants include Ralph Lauren, Poltrona Frau and OKA.
Financial details of the transaction were not disclosed.
Andrew Macland, managing director and head of UK at Pramerica, said: ‘We anticipate that the strong retail growth we have seen in Central London will continue and that, combined with the potential active asset management strategies this property offers over the long term, makes this an attractive investment for our client.’
