Waypoint continues to grow

Published:  20 June, 2017

Waypoint Asset Management invests £47m in first half of 2017

Waypoint has recently acquired a further £19m of UK retail assets on behalf of an institutional client, taking total funds invested, for all its clients in the first half of the year, to £47m.

Recent acquisitions include a portfolio of three parades in South Wales and properties in Chelmsford, Peterborough, Dudley, Swansea and Manchester.

The South Wales portfolio, comprising three retail parades in Caerphilly, Llanelli and Newport, were acquired from a private investor for a combined price of £3.02m with 82 per cent of the income secured from national multiples.

Park Central in Chelmsford, Essex, is a well located modern parade fronting the main bus terminus and immediately adjacent to the train station. Contracts have recently been exchanged to purchase the property from an institutional seller for £4.25m. Tenants include Tesco, Greggs, Subway and Coral Estates.

The Hempstead shopping centre, Peterborough, is a new build scheme anchored by Co-op and was purchased for £2.35m from a residential developer. It provides the principal retail provision in an area of significant and ongoing residential development.

Director of asset management Nick Gregory said: “These new assets offer an attractive income stream from a strong line-up of national occupiers and adds diversity to the regional spread of assets owned by our clients.”

Search shopping-centre.co.uk

© 55 North Ltd 2016. All rights reserved.
Registered in Scotland No. SC204747.
Privacy Policy : Terms & Conditions
55 North