Totton Shopping Centre
A neighbourhood retail shopping centre built in the late 1970’s comprising of approximately 46,000 sq. ft.
Date
2002
Transaction Size
£4.25m
Principal Investor
GE Capital
Accomplishments
Rental income increased through completion of rent reviews, lease renewals, lease re-structuring and letting of new units
A preventative maintenance programme was put in place together with signage improvements to brighten the Centre and make it more attractive
Planning consent was obtained for reconfiguring units
Exit & Returns
Rental income increased by 12%
Capital value increased by 23.5%
IRR of 14.6% (unlevered)
