LaSalle Investment Management has acquired the Arena Shopping Park in the United Kingdom for £53 million (e64 million), with an initial yield of 5.34 percent. The 10,770-square-metre shopping centre is located in London’s Haringey district; tenants include Homebase, Sports Direct, Royal Mail, Argos, Peacocks and Next.

“The acquisition of Arena Shopping Park reflects our belief that high-quality retail space located in sought-after locations will continue to outperform the wider market in spite of the obvious pressures of the economic downturn,” says Richard Debney, fund manager with LaSalle.