05 June 2017, London: Aprirose, the real estate investment company, and Aurora Real Estate have acquired Sainsbury’s West Ealing for £22.47m.
Sainsbury’s West Ealing is a 57,510 sq ft property, fully let to Sainsbury’s. The asset comprises office, storage and retail capabilities and a 130 space car park.
The investment has been made in partnership with Stars Investments, a Chilean investment company that manages financial, private equity and real estate investments.
Gary Jones, Chief Operating Officer at Aprirose, said: “West Ealing Sainsbury’s represents a great investment. Ealing is an upwardly mobile destination, which is set to benefit from the opening of a new Crossrail station at West Ealing next year. Furthermore, Sainsbury’s is a brand which we are pleased to welcome to our diverse £1.2 billion real estate portfolio. We continue to look for the best investments for our investors and act nimbly to execute them.”
Meenal Devani, Managing Director at Aurora Real Estate, said: “Sainsbury’s West Ealing fits well with our strategy of acquiring assets underpinned by strong income, with development potential and located in areas of Greater London that are being transformed by infrastructure changes.”
Oscar Boettiger, Head of Real Estate at Stars Investments, said: “We believe this is a great asset as part of our wider real estate investment programme. Ealing is a very interesting location especially from a long-term perspective considering the improving transport links, demographics and potential for densification.”