The Priory Shopping Centre, Dartford
1970’s principal town centre shopping centre anchored by supermarket, fallen into disrepair and neglect with high levels of vacancy.
Date
2005
Transaction Size
£44m
Principal Investor
Robert Whitton
GMAC
Accomplishments
Installed new toilets
Raised the profile with extensive PR & marketing
Ensured maximum value for money for service charge expenditure and reduced landlords shortfalls
Exit & Returns
Sold 2006
IRR of 62% (levered)
