Keystone Law advises M Core on Wimbledon acquisition

Keystone Law has advised property investment company Sheet Anchor Evolve, part of the M Core portfolio, on the acquisition of a 38,000 sq ft retail parade and multi-storey car park in the heart of Wimbledon town centre.

The premises, purchased from developer London Square, adjoins Wimbledon Bridge House which houses 128,000 sq ft of offices. The acquisition highlights M Core’s continued delivery of asset management strategies across the retail sector.

The properties in Wimbledon Bridge House are currently let to five high-profile tenants, including Metro Bank, Joe & the Juice, Itsu, Fitness Space, and Aldi. The retail parade will provide a rare Weighted Average Unexpired Lease Term of 16.5 years to lease expiries and 8.3 years to breaks.

The Keystone team was led by Commercial Property partner Aaron Burgess, and included consultant solicitor Lisa Mellis and associate Saira Shaffique.

Joe O’Keefe, Founding Partner of Sheet Anchor Evolve, said: 

“This acquisition marks another significant step in our strategic growth journey as part of M Core. Wimbledon Bridge House is a strong addition to our expanding portfolio, and I am grateful to the advice and support provided by Aaron and the Keystone team throughout this process.”

Aaron Burgess said:

“I am delighted to have assisted the team at M Core on this exciting addition to their portfolio. This sale will see the ground floor uses at Wimbledon Bridge House thrive, providing a boost to Wimbledon town centre.”