Golden Square Shopping Centre sold for £141m

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WARRINGTON’S Golden Square Shopping Centre has been sold for £141 million.
LaSalle Investment Management (LaSalle) has announced the acquisition of Golden Square Shopping Centre, Warrington, for £141m, representing a NIY of 6.75%, from Warrington Retail Limited Partnership, a 50:50 joint venture between Lend Lease and Legal & General.
Golden Square is modern high quality shopping centre covering 712,500 square feet totaling 133 units, and includes the external pedestrianised Old Market Place, which provides the main retail and leisure offering within the town centre.
Anchored by predominantly fashion retailers including a 115,000 square foot Debenhams, a 59,000 square foot Primark, a 64,500 square foot Bhs and a 25,000 square foot Boots, supported by an array of strong fashion retailers including Next, River Island, H&M, TK Maxx, Top Shop and New Look, the centre delivers Warrington’s principal retail offer and has an average footfall of over 12m per annum. Golden Square, as well as being the core retail offer, contains the town’s main car park (1,700 spaces) and bus station.
Julian Agnew, LaSalle Investment Management said: “The acquisition of Golden Square, Warrington, highlights our Client’s strategy to invest in dominant, high quality assets with a strong occupational line up and good footfall.”
Jackson Criss and Lunson Mitchenall advised LaSalle Investment Management whilst JLL advised Warrington Retail Limited Partnership.
LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group (NYSE: JLL), is a leading global real estate investment manager, with approximately $50 billion of assets under management of private and public property equity investments. LaSalle is active across a range of real estate capital and operating markets including private and public, debt and equity and our clients include public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe


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Experienced journalist for more than 40 years. Managing Director of magazine publishing group with three in-house titles and on-line daily newspaper for Warrington. Experienced writer, photographer, PR consultant and media expert having written for local, regional and national newspapers. Specialties: PR, media, social networking, photographer, networking, advertising, sales, media crisis management. Chair of Warrington Healthwatch Director Warrington Chamber of Commerce Patron Tim Parry Johnathan Ball Foundation for Peace. Trustee Warrington Disability Partnership. Former Chairman of Warrington Town FC.

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