The Colonnades, Bath
This 50,000 sq ft vacant former shopping centre with a Grade I listed facade was purchased and remodelled to improve not only access but also the profile of the scheme involving a number of deals with adjacent occupiers/owners.
The Colonnades was subsequently let in its entirety to BHS on a 25 year FRI lease. The scheme was financed by Bank Austria Creditanstalt and the investment was subsequently sold to The Prudential for £7.7m.
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