CBRE GI acquires trio of M&S Foodhalls for £28m

M&S Foodhall Beckenham

CBRE Global Investors has acquired three Marks & Spencer Foodhall sites in Greater London for a combined £28m from WA Capital in an off-market deal, Property Week can reveal.

The three stores, located in Beckenham, Rickmansworth and Temple Fortune, are all held freehold and two have residential development potential. The three assets all have nine years’ unexpired leases to Marks & Spencer with just under an average of 2% per annum rental growth.

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