1 August, 2017
Purchase of Kingston upon Thames retail asset complete
DTZ Investors has successfully acquired the freehold interest in 55/57B Clarence Street & 4 Fife Road, Kingston-upon-Thames for £18.1m reflecting an initial yield of 4.4%.
This retail investment comprises a block of four retail units, offering modern, well configured retail and ancillary accommodation, principally arranged over ground and two upper floors. The asset is prominently situated at the pedestrianised junction of Clarence Street and Fife Road and benefits from wide frontages to Clarence Street and good ‘eye-line’ visibility from the main entrance to the Bentall Centre.
The acquisition provides exposure to an affluent Greater London market that is forecast to benefit from population growth of approximately 16% for the period to 2024.
DTZ Investors were represented by CWM.
Latest News
16 March, 2023
UK
Mowgli Street Food Opens on Dukes Lane, Brighton
9 March, 2023
UK
DTZ Investors invests £59m to acquire prime Purley Cross Retail Park, Croydon
23 February, 2023
UK
Music artwork brand takes space at King Street
23 January, 2023
UK
DTZ Investors signs lease with GAIL’s for first Manchester site
