Evolve Estates adds two retail assets to portfolio

Evolve Estates, part of commercial property and investment collective M Core, has announced the acquisition of two retail assets.

The assets – which amount to a total area of 16,218 sq ft – are located in Teddington, London, and Farnham, Surrey.

The Teddington asset comprises a ground floor retail parade, fully let to Boots, Costa, Holland & Barrett, Boots Opticians, and Carpetright.

In Farnham, Evolve Estates has acquired a single-let building occupied by Bill’s on a long lease with an expiry in 2041.

Evolve Estates said both acquisitions align with its strategy of acquiring high-quality and income-generating assets in strategic locations. The group said the properties provide strong tenant agreements and will help to further enhance the offerings of each local area.

Danny O’Keefe, co-founder of Evolve Estates, said: “We are delighted to add these prime retail assets to our growing portfolio. These acquisitions represent excellent opportunities to enhance value and create long-term returns for our investors. 

“The strong tenant mix and strategic locations of these retail properties make them ideal additions to our ever-expanding portfolio.”

Jackson Criss acted as the agent for vendor whilst Cited Property acted for Evolve Estates.