AcquisitionLondon
Upper Richmond Road, SW15
Acquisition of Majestic Wine Warehouse, Putney
The freehold interest in Atlantic House, Putney has been acquired by a Spanish family investment vehicle from KAM Properties LLP.
The property, on a site of 0.24 acres, comprises 5,195 sq ft of ground floor retailing space which is occupied by Majestic Wine Warehouses. The upper parts, comprising eight flats, have been sold off on long leases.
The purchasers commented that "the acquisition provides a steady yield derived from a UK plc company in an affluent residential area with longer term possibilities to develop or extend the site".
