26 Jun '15, 8am

Commercial Guru - Brett Palos sells Hammersmith Shopping Centre:

Commercial Guru - Brett Palos sells Hammersmith Shopping Centre:

E-mail to friend Bookmark & Share British commercial investment entity Matterhorn Palos Partnership, a joint venture between Matterhorn Capital and Brett Palos Investments, has sold, in an off market transaction, the prominent Kings Mall shopping centre in Hammersmith, West London. Schroders UK Real Estate fund paid £153 million, and as part of the sale Schroders has also acquired One Lyric Square, an 88,000 sq ft fully-leased office building adjoining Kings Mall, and a 1,000 space car park to the rear of Kings Mall. First opened in 1980, Kings Mall (pictured) in the centre of Hammersmith provides 340,000 sq ft of prime retail space, with more than 40 outlets and eateries including major national brands. Simon Conway, Chief Operating Officer at Matterhorn Capital, said: “This deal represents the culmination of the hard work undertaken to regenerate the Kings Mall Shopping ...

Full article: http://www.commercialguru.com.sg/property-management-news...

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