For her real estate fund Lionbrook, ING has bought a shopping center in Rugby, Warwickshire (UK) for almost € 70 mln. The shopping center of approx. 27,500 m² was acquired by the Boultbee Group for an initial return of 6,33%.
Lionbrook is one of the real estate funds with which ING invests outside the euro area. The shopping center in Rugby is the first shopping center that the real estate fund acquired so far. Its anchortenants are Littlewoods, JJB Sports, Wilkinsons and Boats the Chemist. The Boultree Group remains involved with the shopping center as manager.