Wereldhave Property Management this morning confirmed its acquisition of Ealing Broadway shopping centre, W5.
The 407,112 sq ft centre was purchased from Legal & General Property for £155.5m, reflecting a net initial yield of 6.5%.
The acquisition comes less than a year after the Dutch property investor bought the Dolphin shopping centre in Poole, Dorset for £82.4m.
Andrew Turton, managing director at Wereldhave, said: “Ealing Broadway has the potential to be further enhanced, and we are exploring the numerous ways in which we can invest in and improve the asset.”
Knight Frank advised Legal & General Property; Jones Lang LaSalle acted for Wereldhave.
joanna.bourke@estatesgazette.com
