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.