International investment company acquires second UK site
Tikehau Capital, the alternative asset management and investment group, announces the acquisition for its clients of The Walnuts Shopping Centre in Orpington, through its Real Estate Value-Added fund which was launched in 2018.
The Walnuts provides a site totaling over 240,000 sq ft, which includes a shopping centre of with 58 stores, alongside an ODEON cinema and an 83-room Premier-Inn hotel.
The asset is located in the heart of Orpington, 13 miles South East from Central London.
This is Tikehau Capital’s Real Estate Value-Added fund’s second acquisition in the United Kingdom following the acquisition of the Nicholsons shopping centre in Maidenhead earlier this year.
Areli Real Estate, a UK-based urban regeneration specialist, which worked alongside Tikehau Capital for the Maidenhead acquistion, will once again work alongside the company as an operating partner.
Tikehau Capital’s head of real estate Frédéric Jariel said: “This second Real Estate deal in the United Kingdom demonstrates Tikehau Capital’s strategy to strengthen the development of its activities in the country. This is an important step in the deployment of Tikehau Capital’s Real Estate Value-Added Fund across Europe.”
Areli partner, Andrea Vanni, said: “Orpington is a fantastic town with a great high street and superb transport connections. The Walnuts is right at the heart and an incredibly exciting opportunity to substantially increase both vibrancy and vitality. We look forward to working with the local community and London Borough of Bromley to consider how these aspirations can be achieved.”
