Old George Mall
Old George Mall was acquired by Fund II in January 2009 and sold in June 2011.
Old George Mall is a 12,900 sqm shopping centre located in the cathedral city of Salisbury, UK.
The property comprises 48 retail units and the largest covered car park in the city, with 565 spaces. Anchored by Bhs and Marks & Spencer (owner-occupied), 85% of the income is secured against national multiple retailers including Topshop, Topman, Fat Face, HMV, Monsoon, WH Smith and Russell & Bromley.
During our ownership, Doughty Hanson repositioned the tenant line-up by signing new leases with high quality fashion retailers and also signed lease renewals with a number of existing tenants. In total Doughty Hanson completed leases for more than 20% of the total lettable area and increased the net operating income of the shopping centre.