CBRE IM acquires Leamington Shopping Park for £57.55M from abrdn, featuring 159,000 sq ft of retail space with major brands like M&S and Next.

CBRE has acquired Leamington Shopping Park in a deal valued at £57.55m.

Purchased from abrdn’s UK Real Estate Fund, the park comprises of more than 159,000sq ft of space with numerous leading brands having space such as UKREiiF sponsors Marks and Spencer, Boots and Next.

Daniel Serfontein, partner in Knight Frank’s retail team, which advised CBRE IM On the deal, said: “Retail parks are an increasingly attractive asset type, with prime locations like Leamington Spa able to deliver strong footfall owing to a diverse occupier mix. We are pleased to have advised CBRE Investment Management in adding this impressive asset to their portfolio.”