ICG Real Estate (“ICGRE”), the real estate division of global alternative asset manager, ICG, today announced that it has completed a transaction to purchase a prime portfolio of London-centric retail parks from M7. The portfolio was acquired on behalf of ICGRE’s Strategic Real Estate II Fund, at an attractive entry yield.
The portfolio, totalling 360,000 square ft in gross lettable area (GLA), comprises three assets situated across Greater London and the South East: Priory Retail Park, Great Lodge Retail Park and Arches Retail Park, in Colliers Wood, Tunbridge Wells and Watford, respectively. Each retail park is located in a top-tier catchment area where occupational demand is high coupled with a vacancy rate below 2%. The retail parks are top quartile retail destinations, collectively housing 16 blue-chip anchor tenants, for whom these assets are mission critical, owing to their prime locations and omni-channel retail models.
ICGRE invests in operationally critical real estate in strong occupational markets, with long-term, durable cashflows. ICGRE has strong conviction in well-located retail parks, with the assets providing greater flexibility to managing changing occupational requirements, lower operating costs and omni-channel capabilities.
Chris Nichols, Managing Director at ICG Real Estate, commented:
This transaction underscores our ability to acquire prime portfolios at attractive pricing. We see the retail park space as a compelling opportunity, benefitting from favourable real estate, occupational and consumer fundamentals. This particular portfolio offers strong asset management potential, which we look forward to realising throughout the hold period – to generate meaningful value for the benefit of our investors.
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For further information please contact:
Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
[email protected]
Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
[email protected]
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $112bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.
*As at 31 March 2025.
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