£72m deal for north London shopping centre
Crosstree Real Estate Partners has bought the 495,000-sq ft Edmonton Green shopping centre in Edmonton, North London, from St Modwen for £72m.
Occupying a site of 25 acres in the heart of Edmonton directly opposite the train station, the existing site includes over 100 shops, a daily market, office and community uses, 754 homes and over 1,000 car parking spaces. The purchaser is likely to explore options to increase the residential component of the scheme.
Crosstree director Matt Mason said: “We are excited to play our part in the improvement of this community-focused retail centre and to help create a thriving town centre and neighbourhood. We are committed to the long-term future of Edmonton Green and look forward to working with the council and the local community to support the growth and prosperity of this strategically important site within Enfield.”