ING Real Estate Investment Management has paid Haymarket Property Investments £77.5m for the Haymarket Shopping Centre in Leicester. The 337,000 sq ft centre provides 48 stores, a 485-space multi-storey car park, a theatre and a bus station, and is located on the pedestrianised Humberstone Gate.
The centre provides an annual rental income of around £4.26m a year, equating to an initial yield of 5.5%. Tenants include H&M Hennes, Boots and Woolworths.
Nicholas Gill, Head of Acquisitions at ING REIM, commented: “With £600m to invest this year, ING REIM are pursuing an aggressive acquisitions programme on behalf of our clients and funds.”
Jones Lang LaSalle acted for ING REIM. Hoddell Stotesbury Morgan represented Haymarket.