Lothbury Investment Management Limited, on behalf of Lothbury Property Trust,
(LPT) has completed on a sale to British Land of Blackwater Shopping Park in
Farnborough for £38 million.
The Park, which had been owned by LPT since 2014, comprises 118,164 sq ft across 12
units including a standalone McDonald’s drive-thru and a Costa Pod. The property has
forecourt car parking provision for 609 cars.
Tenants include Next, TK Maxx, Boots, Outfit, Homesense, Mamas & Papas and
During its ownership, Lothbury had extended the park by constructing an additional 8,000
sqft retail unit in 2020. This project was LPT’s first Net Zero Carbon in Construction
project, offsetting 756 tonnes of carbon dioxide equivalent (CO2e). The unit which also
achieved a BREEAM ‘Excellent’ certification was pre-let to Halfords.
Ed Hockley, Director at Lothbury Investment Management, said: “A sale of Blackwater
Shopping Park conforms with the Lothbury Property Trust strategy to reduce the
portfolio’s exposure to the retail sector. The proceeds of the sale have been allocated to
some key sustainable developments ongoing within the Fund in the life sciences and
Morgan Williams represented Lothbury; British Land was represented by Avison Young.
This is the website of Lothbury Investment Management Limited of 1 Angel Lane, London, EC4R 3AB, United Kingdom, a company registered in England with registered number 04185370. Lothbury Investment Management Limited (or “LIM”) is authorised and regulated by the Financial Conduct Authority in the United Kingdom.
Lothbury Investment Management Limited is the manager of the Lothbury Property Trust ("LPT") and the Lothbury Global Feeder LP ("LGF") (together, the “Funds”). LPT is a sub-fund of the Lothbury Global Institutional Funds, which is regulated by the Central Bank of Ireland. LGF was established as a limited partnership in Jersey under the Limited Partnerships (Jersey) Law 1994 through the filing of a declaration of limited partnership. The Funds are alternative investment funds (“AIFs”) for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive”). LIM has been appointed and acts as alternative investment fund manager (“AIFM”) in respect of the AIFs. For these purposes, LIM is authorised and regulated in the United Kingdom by the Financial Conduct Authority for the purposes of managing unauthorised AIFs (and for various other activities). The Funds are also unregulated collective investment schemes for the purposes of the United Kingdom Financial Services and Markets Act 2000 (the “Act”).
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