Member Article

Croydon's Grants Entertainment Centre acquired for £33m

Hermes Investment Management has acquired the building which houses Tiger Tiger, Vue cinema and Virgin Active gym in Croydon for £33m.

Aberdeen Asset Management has sold Grants Entertainment Centre in Middle Street, Croydon, which has 160,840sq ft of space over seven floors, divided into eight units.

Hermes Real Estate chief executive Chris Taylor said: “Our investment strategy continues to focus on areas benefiting from the emerging urbanisation trend and resulting changes to demographics.

“Offering an attractive yield, Grant Entertainment Centre’s position in one of the UK’s major conurbations, undergoing significant public realm, infrastructure and retail/leisure improvements, offers significant opportunities to capitalise on these trends through a proactive asset management approach.”

This was posted in Bdaily's Members' News section by Ellen Forster .