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 dealers sentenced to seven years behind bars
News

Thatcham dealers sentenced to seven years behind bars

Pair ran drugs operation from Thatcham hotel

 
Aldermaston photographer captures image of new high speed train
News

Aldermaston photographer captures image of new high speed train

Rail enthusiast spots first train powering along Newbury line

2comments

 
News

Outrage as baby hedgehogs used as footballs in Newbury

2comments

 
News

Newbury man smashes car window in drunken rage

 
News

Hi-tech thieves target motorists at Berkshire service stations

1comment