London, Spires Shopping Centre, Barnet
Working with Hunter Real Estate Investment Managers and a Canadian Pension Fund, Reeder Ness successfully secured the off-market acquisition of this prime London Shopping Centre Investment.
The centre was bought from the William Pears Group in a deal representing a yield of just over 6%. The 90,000 sq ft scheme, which is anchored by Waitrose, comprises 37 units let to a mix of retail and leisure occupiers. Tenants include New Look, Body Shop, Carluccio’s, Anytime Fitness and Costa. The Spires is the main high-street shopping centre in Barnet – one of London’s largest and fastest-growing boroughs, as well as one of the most affluent.
STATUS: THE DEAL WAS CONCLUDED IN JULY 2015