British Land has acquired Crystal House, which forms one of three entrances to its Ealing Broadway Shopping Centre.
British Land bought the block from a Northern Irish based private investor for £28.8 million.
British Land acquired Ealing Broadway Shopping Centre in February 2013. They say their Crystal House acquisition provides single ownership of the entire centre for the first time in the scheme’s 30 year history.
The Crystal House Block, which fronts The Broadway, comprises 32,000 sq ft of retail across 13 ground floor units, a 21,000 sq ft office block above and 125 car parking spaces. Key retail tenants include The Body Shop, Monsoon, The Perfume Shop and Ernest Jones.
Charles Maudsley, Head of Retail for British Land, said: “The acquisition of the front section of Ealing Broadway Shopping Centre unlocks significant opportunities to grow and develop the entire centre by continuing to improve the retail mix and increasing the leisure offer. Ealing Broadway continues to improve as the area benefits from residential development and the completion of Crossrail.”
Ealing Broadway Shopping Centre now comprises 330,000 sq ft of retail and leisure space (including a Virgin Active Gym), 800 car parking spaces and a multi-let office. The 8.2 acre freehold shopping centre, which has been refurbished and has over 70 retail units, is anchored by Primark, Marks & Spencer, Tesco, River Island and H&M with other occupiers including Boots and Wagamama.