A new M&S Food Hall opened on 14 March at The Burghley Centre, Bourne. The store, formerly a Co-Operative, has been revamped and turned into two units.
On behalf of an institutional client, Waypoint Asset Management has acquired a logistics warehouse in Dublin for €8.65 million. The property is located in Stadium Business Park, Ballycoolin, on the orbital motorway of Dublin and in close proximity to Dublin Airport and Dublin’s Port Tunnel.
On behalf of private equity clients, Waypoint has completed the sale of St.Wilfred’s Shopping Centre for £3.75 million, reflecting a triple net yield of 7.9% and delivering a circa 19% IRR to investors.
Waypoint Asset Management has offered its support this year to the ladies football team at the Riverside Football Club in South Africa.
On 15 June 2017, Waypoint joined a host of other property professionals for the annual ‘One Great Day’ 5k run through the streets of London in aid of Great Ormond Street Hospital.
Waypoint Asset Management springs up in South Wales with the purchase of a portfolio comprising three retail parades in Caerphilly, Llanelli and Newport. The properties were acquired from a private owner on behalf of an institutional client for a combined price of £3,000,000.
Waypoint Asset Management, acting on behalf of Local Retail Fund, has bought Partington Shopping Centre in Greater Manchester from Peel Land and Property for £2.8m. The sale price reflects a net initial yield of 6.89%.
It has been a bumper start to 2017 for Waypoint Asset Management. We have invested a total of £28m on behalf of institutional and private clients, including three neighbourhood retail schemes acquired for a client for £13.25m.