Invesco Real Estate (IRE), the international property investment manager, has completed the first acquisition for its third UK fund of a retail property in Bromley, South-East London for 拢17.05 mln (EUR 20 mln). The property is predominantly let as a department store to British Home Stores, with an office component let to computer services firm Selection Services.
Invesco Real Estate (IRE), the international property investment manager, has completed the first acquisition for its third UK fund of a retail property in Bromley, South-East London for 拢17.05 mln (EUR 20 mln). The property is predominantly let as a department store to British Home Stores, with an office component let to computer services firm Selection Services.
The 9,600-m2 property is located on Bromley's pedestrianised high street, opposite The Glades shopping centre, and benefits from a 99-year lease with 65 years remaining to BHS on an upward-only rental review, every five years.
