Retail Investment Case Study - Eastleigh Borough Council

Challenge

We were appointed by Eastleigh Borough Council, to advise on their acquisition of Chestnut Avenue Retail Park in Eastleigh, Hampshire, owned by Paloma Capital.

 The fully occupied retail park boasted tenants including Aldi, American Golf, Dreams and Poundstretcher.

How we helped

Carried out in-depth pre-acquisition survey to enable client to make an informed investment decision

Negotiated transaction terms with Avison Young on behalf of Paloma Capital, a private equity real estate investor acting on behalf of Paloma Real Estate Fund I

Ensured comprehensive refurbishment of the asset prior to completion at a cost of £1.8m to the seller

Monitored completion of refurbishment works on behalf of our client

Results

Secured prime 100% occupied property investment for Eastleigh Borough Council, boasting secure long-term rental income

Retained to provide ongoing property asset management of the retail park on their behalf

“This acquisition of Chestnut Avenue Retail Park demonstrates the Council’s continued commitment to invest in the borough with the intention of encouraging regeneration, helping to protect and create local jobs and generating income to help support council services.” Keith House, Leader, Eastleigh Borough Council.