LaSalle Investment Management completes sale of Kent Property to CBRE Investors (UK)

LaSalle Investment Management (‘LaSalle’) today announced the sale of one of its retail holdings to clients of CBRE Investors. The property was sold for €16,09 million (£11,75 million), representing a net yield of 5.20%, and is located at 19 / 25 Market Square and White Hart Slip, in Bromley, Kent.

The property is comprised of seven retail units providing a net total accommodation of 2,987 square meters (32,154 square feet). The units are arranged over part basement, ground and first floors with self-contained offices on the second floor. Tenants include Argos, Waterstones, Wallis and Starbucks.

LaSalle Investment Management was advised by HP Four.

Source: LaSalle

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