7th June 2018
DTZi completes £130m Clapham Junction deal
DTZ Investors has completed a £130m deal to buy the Shop Stop retail parade at Clapham Junction station from Delancey.
The 70,000 sq ft parade on St John’s Hill represents a significant redevelopment opportunity, and Sovereign Centros is acting as the development manager on the scheme.
It was marketed by JLL, who had initially been instructed to seek offers of around £100m. The actual sale price of circa £130m represented a yield of around 3.25%.
Tenants at Shop Stop include M&S Simply Food, Sainsbury’s, Monsoon and Fitness First. It also has office space on two upper floors.
Fawcett Mead acted for DTZi on the deal.