Morrisons, Edgware Road, London, sold for £43 million

The modern store is arranged over ground and first floor and benefits from a strong trading location with large car parking provision and easy customer access.

James Watson, Head of Retail Capital Markets at Colliers International commented “This is one of the larger recent store investment transactions and the sale price indicates the strength of the foodstore market. As we highlighted in our latest Supermarket Investment Review, UK institutions doubled their year-on-year investment into supermarket property in 2017 and this deal is a prime example of continued positive sentiment in the market.”

Savills acted for the purchaser.

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James Watson

Director | Head of Retail Capital Markets

London - West End

I head up Retail Capital Markets at Colliers and have over 20 years experience in the sector.

We advise on all aspects of retail investment, specialising in the shopping centre, retail warehouse, high street and leisure sectors. In addition we are an established market-leading operator in the supermarket sector.
In conjunction with MSCI we provide market leading annual research into the supermarket & shopping centre sectors.
​Our clients include Land Securities, LaSalle Investment Management, Legal & General, Aberdeen Standard Life, Royal London, CBRE GI and U+I.

 

 

 

 

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