ICG Real Estate acquires UK retail parks from M7 for €160m

ICG Real Estate has acquired a £136.5 mln (€159.8 mln) portfolio of prime retail parks in the Greater London area and the South East from M7 for its Strategic Real Estate II Fund, securing an attractive entry yield.

Chris Nichols, managing director at ICG Real Estate

The portfolio, totaling 33,445 m², includes Priory Retail Park, Great Lodge Retail Park, and Arches Retail Park in Colliers Wood, Tunbridge Wells, and Watford, respectively. These retail parks are located in high-demand areas with low vacancy rates and are anchored by 16 established tenants.
ICG Real Estate’s investment strategy targets operationally critical real estate in strong markets, and the company believes these well-located retail parks offer flexibility, lower operating costs, and support omnichannel retail.
Chris Nichols, managing director at ICG Real Estate, commented: “This transaction underscores our ability to acquire prime portfolios at attractive pricing. We see the retail park space as a compelling opportunity, benefiting from favorable real estate, occupational, and consumer fundamentals. This particular portfolio offers strong asset management potential, which we look forward to realizing throughout the hold period – to generate meaningful value for the benefit of our investors.”