Investments / Savills Investment Management to fund Brocklebank Retail Park, Greenwich
The Charities Property Fund, which is managed by Savills IM, has committed to fund LXB’s Brocklebank Retail Park, Bugsby’s Way, Greenwich for £52 million.
Prelets have been exchanged with Next, Primark and Aldi and the final unit is under offer.
The park is at the heart of the Greenwich retail warehouse pitch opposite Greenwich Shopping Park and an Asda Superstore, adjacent to a refurbished Wickes and close to a planned IKEA store, an existing B&Q Warehouse and an ODEON multiplex cinema. It is also very close to Knight Dragon’s Greenwich Peninsula development which will comprise at least 13,000 new homes. Works upon the park have already commenced.
Price: £52 million
Type: Investment Funding Purchase