Redevco buys shopping mall in U.K. for £12m
Redevco has acquired the United Kingdom–based White Lion Walk covered shopping mall on behalf of one of its investors for £12 million ($13 million).
The property is located adjacent to Marks & Spencer, as well as the recently refurbished Friary Center, according to the website of Green & Partners, who advised Redevco on the transaction.
Located in the heart of Guildford, an affluent town in the county of Surrey, the mall is approximately 44 kilometers (27 miles) southwest of London.
“White Lion Walk is strategically located in the center of Guildford and connects the town’s two main retail pitches, which means it benefits from a naturally high footfall of passing shoppers,” said Andrew Vaughan, CEO at Redevco. “Redevco plans to modernize the arcade, which is already well-positioned for redevelopment, to make it a