ICG Real Estate Acquires £136.5m Retail Parks Portfolio from M7
Deal News | Jun 26, 2025 | Intermediate Capital Group (ICG)
Intermediate Capital Group's real estate division, ICG Real Estate (ICGRE), has acquired a portfolio of London-centric retail parks from M7 for £136.5 million. The transaction was completed on behalf of the Strategic Real Estate II Fund. This portfolio offers potential for enhanced asset management due to its strategic locations across Greater London and the South East, with high occupational demand and low vacancy rates. The portfolio includes Priory Retail Park, Great Lodge Retail Park, and Arches Retail Park. These retail parks house 16 blue-chip anchor tenants, serving as key locations for their omni-channel retail models. ICGRE identifies the retail park sector as a compelling investment opportunity and aims to leverage strong operational markets to generate long-term value for investors.
Sectors
- Real Estate
- Retail
- Investment Management
Geography
- United Kingdom – The retail parks acquired are located across Greater London and the South East of England, making the UK the primary geography of interest.
Industry
- Real Estate – The acquisition involves the purchase of retail parks, which falls under the real estate industry.
- Retail – The portfolio consists of retail parks, which are integral to the retail sector due to their blue-chip anchor tenants and omni-channel support.
- Investment Management – ICG as a global alternative asset manager, is expanding its portfolio through strategic investments in real estate.
Financials
- £136.5m – The total acquisition cost for the retail parks portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intermediate Capital Group (ICG) | Purchaser | Company | A global alternative asset manager with a focus on diverse asset classes including real estate. |
| ICG Real Estate (ICGRE) | Investment Division | Company | The real estate division of ICG handling this acquisition. |
| M7 | Vendor | Company | The company selling the portfolio of retail parks. |
| Clare Glynn | Head of Corporate Communications | Person | Media contact for ICG. |
| Maisie Le Masurier | Corporate Communications | Person | Part of the corporate communications team at ICG. |