November 22, 2011
Redevco has sold its freehold interest in 180 – 190 High Street, Lewisham to a fund managed by Henderson Global Investors for £7.64 million (€ 8.7 million).
The freehold property provides approximately 53,000 sq ft (4,929 sq m) of retail space and is fully let with just under 15 years unexpired to Primark. Having undertaken an active marketing campaign Henderson was selected as a preferred purchaser against strong interest from several other parties. The exit price reflects a 6.00% net initial yield.
Redevco were represented by Knight Frank, while Henderson were represented by Jones Lang Lasalle