Nuveen sell Primark, Lewisham

Forge are delighted to have advised Nuveen, a TIAA company on the succesful disposal of 180-190 High Street, Lewisham.

The property comprises 54,360 sq ft and is entirely let to Primark for a further two years on FRI terms.

Following a highly competitive bidding scenario, Forge were able to execute the sale well ahead of the quote price of £7.59m / 6.50% NIY.

Jonathan Mills commented:

“Having advised on the original acquisition, we are pleased to have helped achieve a successful conclusion to our client’s ownership. We were able to generate a competitive bidding environment, including from a number of special purchasers, which ultimately led to a successful outcome for Nuveen.”

To discuss similar opportunities, please contact Jonathan Mills or Joe Baio.