CBRE Global Investment Partners has bought the Willow Brook Centre in Bristol for £88.8m.
The purchase was made on behalf of the CBRE GIP European Co-Investment Fund, working with Arax Properties, and is the fund’s fifth purchase.
The 231,000 sq ft Willow Brook Centre, a town centre retail park in Bradley Stoke, is anchored by a Tesco superstore.
The centre opened in 2009 and is let to 40 other tenants including Argos, Iceland and Boots.
Charles Baigler, fund manager ECF, CBRE GIP, said: “This asset offers a long term, stable income stream supported by strong catchment fundamentals. It also provides asset management opportunities.”
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