Bouverie Place is a 231,000 sq. ft. retail scheme built in 2007 in the heart of Folkestone town. The centre has a low vacancy rate, provides modern retailing for anchor tenants ASDA, Primark and Next, and offers accessible car parking in the centre of town on the south coast of England.
Peter Mather, Managing Director at Tristan Capital commented: “The purchase of Bouverie Place is a continuation of the CCP III strategy of acquiring high yielding but defensive retail assets. The centre is the dominate retail location in the catchment area and our ability to transact swiftly was key to seizing this opportunity, which we expect will deliver attractive returns to our investors”.
Mark Bennett, KLM Investment Partner commented: we are delighted to have secured our second shopping centre purchase with CCP III and our third in total with Ellandi.
BACK