METRO SHOPPING FUND MAKES FIRST ACQUISITION WITH WANDSWORTH

METRO SHOPPING FUND MAKES FIRST ACQUISITION WITH PURCHASE OF HALF A MILLION SQ FT IN WANDSWORTH

The Metro Shopping Fund (‘Metro’ / ‘Fund’), the 50/50 London retail joint venture between Land Securities Group PLC (‘Land Securities’) and Delancey announces the acquisition of the Southside, Wandsworth, London SW18 from Wandsworth LP a joint venture between Portfolio Holdings, Apollo Real Estate Advisors and Deutsche Bank Real Estate’s Global Opportunities Fund for £188m. The purchase price reflects an equivalent yield of 5.75%.

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