DTZ Investors Secures Acquisition of Anchor Retail Park in London
Deal News | Dec 16, 2024 | DTZ Investment Management Ltd
DTZ Investors, a prominent real estate investment firm, has completed the acquisition of Anchor Retail Park, a prime retail location in Zone 2 East London, for £37 million. The property, strategically located just over a mile from the City of London, spans 3.2 acres and includes three retail units fully leased to notable tenants such as Asda, Halfords, and Currys, alongside a residential block of 11 houses. The leases on the retail units are set to expire in 2025, amidst strong renewal prospects highlighted by reversionary rents, significant occupier demand, and limited competition. The residential areas, currently let as Houses in Multiple Occupation (HMOs), offer affordable rental levels, indicating growth potential. The site's 35% single-storey cover presents significant alternative use potential. The acquisition aligns with DTZ Investors' strategy to enhance its retail warehouse portfolio's quality and capitalize on future value improvements, facilitated by East London's ongoing regeneration boom. The transaction was supported by real estate advisors HampsonWall for the buyer and Savills for the vendor, Lothbury.
Sectors
- Real Estate
- Investment Management
- Retail
Geography
- United Kingdom – The acquisition takes place in London, UK, highlighting the geographical context and market conditions critical to the investment's strategic decision.
- London – The location of the acquired retail park in East London provides insight into the specific urban context and potential for regeneration that adds value to the investment.
Industry
- Real Estate – The article details an acquisition within the real estate sector, focusing on a prime retail park in East London, which includes both retail and residential components.
- Investment Management – The acquisition is part of DTZ Investors' portfolio management strategy to invest in promising real estate assets with potential for income and capital growth.
- Retail – The retail park comprises units leased to major retail brands, highlighting the importance of retail tenants in the property investment strategy.
Financials
- £37,000,000 – The acquisition price for Anchor Retail Park by DTZ Investors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DTZ Investors | Buyer | Company | A real estate investment management firm that acquired Anchor Retail Park. |
| Anchor Retail Park | Target Company | Company | A prime retail park in East London acquired by DTZ Investors. |
| Lothbury | Vendor | Company | The selling party of Anchor Retail Park. |
| HampsonWall | Legal Advisor | Company | Provided advisory services to DTZ Investors during the acquisition process. |
| Savills | Legal Advisor | Company | Represented Lothbury, the vendor, in the transaction. |