Tellon has bought Chineham shopping centre from LGIM Real Assets for £60m
Located near Basingstoke, Chineham shopping centre includes a 24 hour Tesco Superstore, M&S Foodhall, Boots, Costa and the town’s public library.
L&G senior fund manager James Whitehill said: This sale concludes the successful completion of our business plan for the assets resulting in strong returns being delivered to our investors.”
Tellon Capital has assets throughout the country and has spent the past 12 months securing planning consent for the £150m GDV Bargate in Southampton, a further project in Kingston and acquiring the Harpur Centre in Bedford and establishing an enhanced vision for the centre.
Aitchison Raffety advised Tellon and BNP Paribas Legal & General.