Real estate investment manager, Lothbury Investment Management, has
secured a new 20-year lease with no break clause, commencing in March
2024, on the 67,426 sq ft Sainsbury’s supermarket in Liverpool Road,
Islington, north London, on behalf of Lothbury Property Trust (LPT), realising
£2.45m per annum, indexed annually.
The supermarket comprises two floors with a 41,396 sq ft ground floor trading area,
26,000 sq ft first floor storage, staff and welfare space and a 190-space surface car
park. It sits on a site of c.2.5 acres. It is in a dominant high street location, close to
Chapel Market, and is opposite the N1 Shopping Centre. Upper Street, Angel Road
and Camden Passage are all close by.
The property, which was built in the mid-1980’s, was acquired by the Fund in 2016.
Perry Linch, Executive Director and Head of Asset Management at Lothbury
Investment Management, said: “This new 20-year lease provides LPT with long
term stable growth opportunities. It is one of the best performing Sainsbury’s stores
in London and is located in one of the city’s most densely populated areas, and this
strategic Zone One area site offers Lothbury redevelopment potential in the longer
The LPT portfolio comprises a combination of well-managed core assets, which are
prime, well located properties secured on strong covenants, across a variety of
commercial sectors, with active management initiatives to create additional value.
Lothbury was represented by Morgan Williams.
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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