DTZ Investors Invest €62.8m in Greater London, UK Mixed-Use Portfolio

Date: January 2018

Location: Kingston-upon-Thames, Street, UK

Name: Combined House and International House – The asset includes two 10-storey buildings and a shopping mall comprising 144,200 ft² of the hotel and retail accommodation plus a 366-space multi-storey car park. The two hotels are let to Premier Inn and Travelodge, with retail units let to Argos, Poundland and Aldi. The car park is leased to NCP.

Price: £55.9m

Seller: Private investor advised by BNP Real Estate.

Buyer: DTZ Investors, managed by Peter O’Gorman, Fund Manager ,…The acquisition provides the Fund with a well-diversified income stream, with approximately 55% of the income being derived from the two hotels. DTZ was advised by Robinson Webster.

THPT Comment: Interesting to have both Travelodge and Premier Inn in one portfolio