go

Kennet Shopping Centre buyer confirmed

American firm HIG Capital named, Bride Hall believed to be involved

William Walker

Reporter:

William Walker

Contact:

01635 886641

Kennet Shopping Centre finds a buyer

The new owner of Newbury shopping centre Kennet Shopping has been officially named as HIG Capital.

Last week the Newbury Weekly News reported that London firm Bride Hall were the shopping centre’s new buyer, but it is now believed the investment firm is involved in the sale as asset managers only.

Multi-national American company HIG Capital confirmed today (Thursday) that it had completed the acquisition of the Kennet Shopping Centre and also a Bradford shopping centre – the Kirkgate Centre.

The deal is reported to be worth around £63m.

Founded in 1993 and based in Miami, USA, HIG Capital holds $19bn in equity capital and has offices around the world in cities including London, Hamburg, Madrid, Milan and Paris.

The sale of the Newbury retail centre is its 25th real estate investment in Europe since 2013.

Managing director at HIG Riccardo Dallolio said: “This follows our acquisition of the Grosvenor Centre in Chester in May of this year and further demonstrate our ability to secure attractive transactions in the UK retail sector which possess solid fundamentals but can benefit from the more active hands-on asset management which we can provide.”

Leave your comment

Share your opinions on Newbury Weekly News

Characters left: 1000

News

Thatcham residents rally to oppose flats plan
News

Go ahead for back garden development in Thatcham

 
Thames Valley Police brace for influx of emergency calls ahead of Storm Brian
News

Severe weather warning issued for Saturday

Thames Valley Police brace for influx of emergency calls ahead of Storm Brian

 
News

Men arrested in West Berkshire following armed robbery in Oxford

 
News

Decision on 'glamping' site postponed

2comments

 
News

Newbury taxi driver released pending further inquiries