CBRE IM offloads Richmond retail parade
CBRE Investment Management (CBRE IM) has sold 35-40 The Quadrant in Richmond upon Thames to a London-based property company.
The retail parade provides 5,752 sq ft of accommodation and is fully let to Greggs, Flying Tiger, Flight Centre, and Snappy Snaps.
The property occupies a prominent trading position on The Quadrant, located between Richmond Station and George Street, benefitting from high levels of footfall.
Forge advised CBRE IM, whilst Jackson Criss acted for the buyer.
Joe Baio, equity partner at Forge, said: “We were delighted to advise our client, CBRE IM, on the successful disposal of 35-40 The Quadrant. A full-scale marketing campaign generated a competitive bidding process, attracting both domestic and international capital and delivered a strong exit for our client. The transaction reflects the depth of investor demand for well-located high street assets, even where comprehensive asset management has been delivered, but the long-term fundamentals remain compelling.”