Behold, Investors Are Buying Shopping Centres Again

After a couple of years as an untouchable asset class, shopping centres are starting to draw investors again.
U.S. investor Ardent exchanged contracts Friday to buy the Touchwood shopping centre in Solihull in the West Midlands for £90M. 
Earlier last week, Landsec Chief Executive Mark Allan said the UK’s second-largest REIT is looking at buying prime shopping centres again. 
“With the scale of change that’s happened on those retail assets, we now think the balance of risk and reward has changed,” he said alongside full year results for the company. 
Ardent is a fund manager that targets opportunistic returns from repositioning assets in a variety of…

Leave a Comment

Your email address will not be published. Required fields are marked *