Patrizia buys Hammersmith retail asset

PATRIZIA_Hammersmith_London

Patrizia Immobilien has acquired a flagship retail asset at 49-63 King Street in Hammersmith, London from Alanis Capital for €24.6m (£22m).

The property comprises two retail units let to TK Maxx and Poundland, and covers 62,430 sq ft across basement, ground and two upper floors.

It was acquired for one of Patrizia’s pan-European retail-focused funds, and was the fund’s first acquisition in the UK.

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