Property development company Ballymore has exchanged contracts to acquire the Broadwalk Shopping Centre in Edgware, north London, from Aberdeen Standard Investments.
Ballymore will take the freehold interest of the 190,000-square-foot shopping center, which sits on a 13-acre site next to Edgware Underground Station.
Ballymore, which has already engaged with the London Borough of Barnet to understand its ambitions for the site and the wider area, will now work together with the council, engaging with the local community and following its planning processes to get the regeneration of Edgware town center under way.
Sean Mulryan, chairman and group chief executive at Ballymore, said, “Ballymore has a great deal of experience in town-center communities, and over the many years we have been in business we have learnt a lot of lessons. How these places look to evolve in the coming years will be key to their success, as the essential nature of high-street retail chang
