Europa Capital has entered into a joint venture with Ediston Real Estate and has completed the purchase of Pasteur retail park from London & Capital for £20m.
The Great Yarmouth site comprises 122,000 sq ft of retail warehouse space. Tenants include B&Q, Home Bargains and Argos with one vacant unit.
Europa Capital and Ediston Real Estate are looking to invest an additional £95m of capital and are searching for portfolios of retail warehouse and office properties in the UK with potential for added value.
Robert Sim, partner and head of northern Europe at Europa Capital, said, “Pasteur Retail Park is the first acquisition of the new jv with Ediston Real Estate. We are delighted with this quality asset which provides solid income and a number of asset management opportunities. Ediston is an experienced partner with whom we can create value through selective purchases and active asset management.”
