Staunton Whiteman LLP reposted this
Redevco acquires £518 Million UK Retail Park Portfolio We are delighted to announce the acquisition of 16 retail parks across the UK for a purchase price of £518 Million. The portfolio was assembled by Oxford Properties via the M7 Real Estate specialist platform it acquired in 2021. The assets are located in core urban centres mostly concentrated in South and Southeast England. They contain a diversified mix of tenants, including well-established brands in the food, DIY, and discount sectors. This transaction marks a significant milestone for Redevco’s growth as a pan-European retail park owner and asset manager. Following this acquisition, Redevco manages circa €5 billion Gross Asset Value across almost 200 retail park assets, predominantly in Belgium, Germany, Spain and the UK. Read more here: https://lnkd.in/eF4RNczw #retailparks #realestate Tom Hoye, William Hartley Mora-Figueroa, Jonathan Cole, Muhammed Dadu, Jonathan Brown, Tanveer Tarafdar, Richard Craddock