• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

ACME NEWS ONLINE

The Pinnacle of Online News Reporting

ACME NEWS ONLINE
The Pinnacle of Online News

  • Home
  • US
  • BUSINESS
  • LIFESTYLE
  • REAL ESTATE
  • TECH/SCIENCE
  • About/Contact

Ardent acquires shopping centre in second UK investment | News

May 21, 2021 by Staff Reporter

The Ardent Companies, the US-based real estate investment firm, has made its second investment in the UK, acquiring a shopping centre from Lendlease.

The Touchwood mall in Solihull was sold by the Lendlease Retail Partnership fund to Ardent’s Strategic Fund I.

The acquisition of the 650,000sqft asset comes less than three months after Ardent announced it had launched a UK business and raised $230m (€188m) for the UK-focused Strategic Fund I.

In March, it made its debut investment, acquiring 1.4m sqft of industrial space from M7 Real Estate.

In line with its strategy in the US, Ardent plans to acquire and reposition a range of real estate assets, including also offices and build-to-rent housing.

Ardent said Touchwood, which includes retail, restaurant, leisure space and John Lewis store and Cineworld cinema, is set to benefit from the creation of the HS2 high-speed train line that will connect it to London within 38 minutes.

Matt Shulman, CEO at Ardent, said: “Touchwood is in a particularly strong location and already has an impressive retail and leisure line-up.

“The opportunity to work closely with top brands, Solihull Council and the community at an exciting time for the wider area was an important part of our decision to invest.”

View Original Source

Filed Under: REAL ESTATE

Primary Sidebar

More to See

Canadian Mortgage Costs Are Surging and Renting Can Make More Sense: First National

… [Read More...] about Canadian Mortgage Costs Are Surging and Renting Can Make More Sense: First National

Shawnee Pools business staying in the family

SHAWNEE TOWNSHIP — Bob and Connie Sutherland have been in the swimming pool business for 53 years, and it all started from an ad in the … [Read More...] about Shawnee Pools business staying in the family

Science News | Research: Stinging Cells of Jellyfish Hold Clues to Biodiversity

Washington [US], May 21 (ANI): According to a new Cornell research, Cnidocytes, also known as stinging cells are characteristics of Corals and … [Read More...] about Science News | Research: Stinging Cells of Jellyfish Hold Clues to Biodiversity

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · SLD Chicago . Log in