Time Acquires London Shopping Centre For Invesco

Time Retail Partners advised Invesco Real Estate on the purchase of a 50% interest in Southside Shopping Centre in Wandsworth, south west London. The covered scheme comprises 610,000 sq ft with major retail occupiers, a supermarket, cinema, restaurants and car parking. The lot size was £150 million reflecting a NIY of 4.5% and the joint owner and asset manager is Land Securities, an existing client of the firm. We have also been appointed to lease the scheme.