New addition for Cleveland Centre as Poundland completes lease
APRIL 2016

New addition for Cleveland Centre as Poundland completes lease

Poundland has completed a deal to take over the lease of 99p Stores’ large unit at the Cleveland Centre in Middlesbrough following its acquisition of the rival discount retailer.

FEBRUARY 2016

Foxtons signs new 15-year straight term in Stratford

Local Retail Fund has completed a lease renewal with Foxtons in Stratford, east London, for a straight 15-year period with five-yearly open market rent reviews.

DECEMBER 2015

Storrington centre bought for £5.21m

Local Retail Fund has ended the year with the purchase of the Old Mill Square Shopping Centre in Storrington, West Sussex, for £5.21m, reflecting a net initial yield of 6.8%.

NOVEMBER 2015

Local Retail rings in the changes with Carfin sale

Local Retail Fund has sold the Bell Quadrant Shopping Centre in Carfin, Scotland, for £3.35m, following completion of an asset management programme that has added significant value to the neighbourhood scheme.

New Frontier buys Blackpool centre
SEPTEMBER 2015

New Frontier buys Blackpool centre

New Frontier Properties has bought the Houndshill Shopping Centre in Blackpool from Blackstone and Catalyst Capital for £105m.

APRIL 2015

New Frontier enters UK market

New Frontier Properties has made its debut in the UK retail market with the purchase of two shopping centres in Middlesbrough and Burton upon Trent for £179m from F&C REIT.

FEBRUARY 2015

Waypoint seals Lowestoft shopping centre deal

Waypoint Asset Management has acquired the Britten Centre in Lowestoft, Suffolk, on behalf of a client, for £6.65m, reflecting an 8.7% net initial yield.

OCTOBER 2014

Local Retail Fund acquires Leeds shopping centre

Local Retail Fund has acquired Market Square Shopping Centre near Leeds for £3.8m, representing a net initial yield of 8.51%.

JUNE 2014

Two more neighbourhood parades for Local Retail Fund

Local Retail Fund has acquired two neighbourhood retail parades in Northampton and Peterborough for £10.175m, representing a net initial yield of 7.3%.

MAY 2014

Sainsbury’s signs for new training facility

Local Retail Fund has completed a letting to Sainsbury’s for its new convenience training facility in London.

APRIL 2014

Local Retail Fund acquires Leominster Co-Op

Local Retail Fund has completed the acquisition of the Co-Operative in Leominster, Herefordshire, for £3.3m, representing a net initial yield of 7%.

NOVEMBER 2013

Local Retail buys Morrisons portfolio for £7.6m

Local Retail Fund has acquired a portfolio of neighbourhood parades from Morrisons for a total of £7.565m, to reflect a net initial yield of 8.5%.