Dutch property investor Meyer Bergman has acquired a 50 per cent stake in The Bentall Centre, Kingston-upon-Thames, from Aviva for around £130m.
The 580,000-sq ft Bentall Centre is home to the Bentalls department store as well as a large number of retail brands such as Apple, Superdry, H&M, Zara and New Look. Aviva Investors decided to take advantage of the resurgent shopping centre investment market to dispose of a half-share in the centre. Meyer Bergman secured finance for the acquisition from WestImmo bank.
It said: “The acquisition of a half share in The Bentall Centre is a rare opportunity to acquire an interest in a prime retail asset based in one of the most affluent suburbs of London. The Bentall Centre offers the stability and income of a well established asset, as well as a number of interesting asset management opportunities which will allow us to create value and achieve our return profile requirements.”
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