Shopping Centre, Barking

East London


Shopping centre in East London acquired “off market” in 2004 for £41.1 million; a yield of 6.6% (8% on rental value). An ASDA foodstore was secured as a new anchor tenant and the mall rents were increased by 25%. A massing study was completed for 300 new residential units on the car park and the asset was sold to a private property company in August 2006 for £73.7 million; a yield of 4.4%.

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