Redefined and Reimagined Retail Warehouse Park

Purchased off-market from a distressed vendor. Repositioned the asset by securing planning consent for new supermarket.

Redefined and Reimagined Retail Warehouse Park

Purchased off-market from a distressed vendor. Repositioned the asset by securing planning consent for new supermarket.

Off-market acquisition and repositioning of key retail park.

Location: City Ring Road, Leicester, Midlands
Investment type: Retail Warehousing
Investment partner: JP Morgan Asset Management

This centrally positioned retail park was purchased for its future potential from a distressed vendor. Cordatus negotiated an agreement with a leading supermarket to build a 70,000 sq. ft. store, together with a comprehensive car park refurbishment. Detailed planning consent was obtained and the park sold to a UK Fund, generating 54% geared IRR over 3 years.

Off-market acquisition and repositioning of key retail park.

Location: City Ring Road, Leicester, Midlands
Investment type: Retail Warehousing
Investment partner: JP Morgan Asset Management

This centrally positioned retail park was purchased for its future potential from a distressed vendor. Cordatus negotiated an agreement with a leading supermarket to build a 70,000 sq. ft. store, together with a comprehensive car park refurbishment. Detailed planning consent was obtained and the park sold to a UK Fund, generating 54% geared IRR over 3 years.

Gallagher Retail Park,
Dundee

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Queens Arcade,
Cardiff

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