- February 1, 2011: Vol. 5, Number 2

To read this full article you need to be subscribed to Institutional Real Estate Europe

Wereldhave Buys UK Shopping Centre


Wereldhave has agreed to buy a 49,200-square-metre shopping centre in the United Kingdom from Grosvenor Fund Management for £85 million (€102 million). The Dolphin Shopping Centre is located in Poole, a town on the south coast of England that is a popular tourist destination.

The shopping centre was first built in 1969, and was refurbished most recently in 2004. It contains more than 100 shops and restaurants as well as local council and community services; tenants include Marks & Spencer, Primark, British Home Stores and New Look.

“This investment fits well with our strategy of focusing our UK operations on mid-sized shopping centre acquisitions in strong locations, which are dominant in their catchments,” says Hans Pars, CEO of Wereldhave.

Grosvenor put the asset up for sale in September 2010, assisted by

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy