Boots have agreed a five-year lease renewal with Lothbury Investment Management Limited, on behalf of Lothbury Property Trust, for their retail unit at Blackwater Shopping Park in Farnborough.
The 7,000 sq ft Unit has been let at a rate of £25 per sq ft, generating an annual rent of £175,100.
Perry Linch, Head of Asset Management at Lothbury Investment Management, said: “It is very pleasing to have secured this important national brand at Blackwater for a further five years. The Park remains a solid performing, long-term asset for the Fund with an attractive mix of retailers on site, including Next, Costa, Currys/PC World, TK Maxx, Home Sense, Mamas and Papas and Halfords.”
Blackwater Shopping Park enjoys excellent access from Farnborough and the surrounding area, being adjacent to the A331 and a few minutes’ drive from junction 4 of the M3.
Lothbury was represented by McMullen Real Estate and Morgan Williams. Boots were unrepresented.
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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