Sheet Anchor Evolve has acquired a 38,000 sq ft retail parade and multi-storey car park in Wimbledon town centre from London Square for an undisclosed price.
The retail units, which are located next to the Wimbledon Bridge House office building, are currently let to Metro Bank, Joe & the Juice, Itsu, Fitness Space and Aldi, which recently opened a new 14,000 sq ft store there. The units have a WAULT of 16.5 years to expiries and 8.3 years to breaks.
Joe O’Keefe, founding partner of Sheet Anchor Evolve, part of M Core, said: “This acquisition marks another significant step in our strategic growth journey as part of M Core. Wimbledon Bridge House is a strong addition to our expanding portfolio. This well-located, high-performing asset aligns with our approach to acquiring properties with long-term income and potential for asset management. We remain focused on growing across key town centres and delivering value for our investors and stakeholders.”
Sean Gavin, managing director, south at London Square, added: “The sale of this important retail parade to a specialist of Sheet Anchor Evolve’s calibre will ensure that the ground floor uses at Wimbledon Bridge House thrive as we invest in the wider property to help enhance the town centre for residents, businesses and visitors.”
Bruce Gillingham Pollard acted for Sheet Anchor Evolve.
