News

Sainsbury's-Anchored Project Sells For £12.1M In Brockley

Brockley, South East London
Courtesy of Boultbee LDN

Boultbee LDN sold all of its retail units and flats in its high street parade project in Brockley, South East London. Proceeds were £12.1M.

The 21k SF development at 180 Brockley Road included 25 apartments and a 4k SF ground-floor retail unit pre-let to supermarket chain Sainsbury’s. The sale price of the retail space reflected a net initial yield of 4.9%.

Boultbee LDN says it is scouring South East England for more investment opportunities, such as mixed-use projects and office refurbishments.

JLL advised on the sale of the retail units, Kinleigh Folkard & Hayward on the sale of the apartments.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

'We're At A Juncture': Downtown Boston Retail Finds Its Post-Pandemic Footing

Sovereign Fund Backs £500M Subterranean West End Development

Lone Star Seeks 58% Uplift In Under 3 Years With £175M UK Mall Sale

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Chipotle Adding Hundreds Of New Locations Worldwide

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Battersea Power Station Reveals Plans To Double Development Again

New Occupiers And More VC Money Fuel UK Life Sciences Rebirth

Canadian Firm Raises £680M For 6,000-Home UK BTR Push

Orega Completes PE-Backed Management Buyout: The London Deal Sheet