By Guy Montague-Jones2018-11-15T09:00:00
St Modwen has exchanged on the sale of Edmonton Green shopping centre in north London to Crosstree Real Estate Partners for £72m – slightly ahead of the £70.2m book value.
The 495,000 sq ft centre in Enfield produced a net rental income of £4m in 2017 and is currently 96% let. GCW advised St Modwen on the sale.
St Modwen has also completed the sale of two smaller retail assets in Liverpool and Cannock in two separate deals for £9.9m in aggregate; 6% above the combined book value of the assets.
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