UK Retail Warehouse

Henderson
UK Retail Warehouse
Fund property portfolio
Important Information. This document is solely for the use of professionals and is not for general public distribution.
2 Birmingham The Fort
3 Borehamwood Borehamwood Shopping Park
4 Derby Kingsway Retail Park
7
5 Edinburgh Craigleith Shopping Park
5
The Fund provides an opportunity for investors to gain
exposure to a diversified pool of prime retail warehouse park
investments. It has an active management bias and seeks to
add value within a controlled risk framework.
Michael Neal
Director,
Fund Management
6 Kidderminster Weavers Wharf
7 Livingston Almondvale Retail Park
8 Manchester Central Retail Park
For retailers, the Fund offers the potential to trade from
some of the UK’s leading retail park locations.
9 Manchester The Fort Shopping Park
8 9
10 Norwich Riverside Retail Park
15
4
6
11
10
11 Nottingham Chilwell Retail Park
12 Romford The Brewery
2
13
13 Swansea Parc Fforestfach
3 12
1
14
14 Waterlooville Wellington Retail Park
15 Wrexham Island Green Retail Park
Henderson
Global Investors
Property
portfolio
1 Ashford Ashford Retail Park
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535 CAR PARKING SPACES
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10,000 SQ FT
AVAILABLE
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Ashford
POD B
POD A
CENTRE
Ashford Retail Park TN24 0SG
The dominant open A1 scheme in Ashford
BARREY ROAD
Located 2 miles south east of Ashford town centre
100 CAR
PARKING
SPACES
Scheme size
Planning permission
Existing occupiers
159,000 sq ft
Open A1
with restrictions
TK Maxx, Boots, Dunelm, PC World, Hobbycraft,
Argos, Wickes, B&M, Dreams, Costa, Tapi and
Carphone Warehouse
1 // South East
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(A2070)
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BARREY ROAD
GARDEN
EREIFEL ROAD
w to
Ne gs
in
tt
le
BAD MUNST
Birmingham
w to
Ne gs
in
tt
le
TO LET 5,015 SQ FT
The Fort B24 9FP
One of the UK’s leading fashion parks
Over 40 brands adjacent to the M6
Scheme size
Planning permission
Existing occupiers
300,000+ sq ft
Open A1
(food and non food)
Boots, Debenhams, H&M, Next, New Look,
River Island, Topshop, EE, The Fragrance Shop,
Wilko, Schuh, Moss and Primark
2 // Midlands
TO LET 4,880 SQ FT
2,000+ CAR PARKING SPACES
en
ar
do
n
Ro
Ro
ad
M
d
oa
xR
se
Es
Borehamwood
w to
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in
tt
le
Cl
ad
en
aid
MANAGEMENT
OFFICE
Borehamwood Shopping Park WD6 4PR
Dominant fashion park located in Greater London
Ro
Located on the edge of the town centre with pedestrian access to the high street
Sh
et
Stre
Scheme size
Planning permission
214,000 sq ft
Open A1 planning consent
Existing occupiers
M&S Simply Food, Debenhams, Outfit, New Look, Sports Direct,
Argos, Next, The Grove Surgery, Halfords, Metro Bank, Poundland,
Pets at Home, Boots, Lidl, Starbucks Coffee, Carphone Warehouse,
Vodafone, Explore Learning, WH Smiths, Tiger, Costa, JD Sports,
HSBC, The Body Shop, Hobbycraft, Clarks and Frankie & Benny’s
3 // South East
bold
o
The
ED
OS
T
OP IT F
N
PR U SQ
00
IT
3,0
UN
ED FT
OS SQ
OP 00
PR 2,5
VE
RO
E G RY
TH URGE
S
ad
ey
l
en
Derby
525 CAR PARKING SPACES
Kingsway Retail Park DE22 3FA
Prime location west of city centre
Scheme size
Planning permission
Existing occupiers
149,000 sq ft
Open A1 and bulky goods
Hobbycraft, Smyths Toys, ScS, Boots, TK Maxx,
Pets at Home, Harveys, Argos, Halfords, Next,
Marks & Spencer, Costa, Greggs, Poundland
and Subway
4 // Midlands
Adjacent to Sainsbury’s, Homebase and Currys/PC World
Edinburgh
w to
N e ng
i
tt
le
TH ROAD
EI
CRAIGL
GARDEN
CENTRE
550 CAR PARKING SPACES
Craigleith Shopping Park EH4 2LN
P.F.S.
SOUTH GRO
ATHILL AVE
NUE
Scheme size
Planning permission
Existing occupiers
182,180 sq ft
Open A1 (including food)
Frankie & Benny’s, Boots, Argos,
Currys, TK Maxx, Homebase, Nike,
Marks & Spencer, New Look, Discount UK,
Clarks, Costa and Trespass
5 // Scotland
15,000 SQ FT
AVAILABLE
Affluent North Edinburgh catchment area
ET
STRE
Kidderminster
HIGH
ET
N
RE
ST
TIO
RA
KER
BA
TH
’S
PPY
PO
EET
VICAR STR
PO
RIV
ER
STO
UR
NG
A
CH
EX
R
CO
E
R
ST
EE
Consented extension proposals
T
0
2,78FT
SQ
RIVER STOUR
05
2,6 FT
SQ
LO
WE
R
MIL
LS
TR
EE
T
PITTS LANE
2,9
SQ 91
FT
ST
AF
FO
RD
SH
IR
E
&
NE
K
R
PA
A3
SQ FT
10,000
LA
W
OR
S
CE
TE
RS
HI
RE
CA
NA
L
Weavers Wharf DY10 1AA
New retail core for Kidderminster
Planning consent received for a retail extension of 60,000 sq ft and three new restaurant
units, three small retail units, a new bridge and improvements to the public realm.
Scheme size
Planning permission
Existing occupiers
325,000 sq ft
Open A1
Marks & Spencer, Debenhams, Next, Boots,
TK Maxx, DW Fitness, Matalan, Clinton Cards,
New Look, Clarks, Caffé Nero, McDonald’s,
Premier Inn, Sports Direct and Starbucks
6 // Midlands
420 CAR PARKING SPACES
AM
INGH
BIRM OLITAN
OP
METR
EGE
COLL
60,0
0
INC 0 SQ F
L
MEZ UDING T
ZAN
INE
Livingston
t
Le
Almondvale West Retail Park
ON
M
AL
TO LET
1,500 SQ FT
AL
DV
E
E
AL
DV
AD
RO
ON
D
POB
M
AL
TH
U
SO
520 CAR PARKING SPACES
Almondvale South Retail Park
Almondvale Retail Park
TO LET
1,600 SQ FT
D
PO
Almondvale Retail Park EH54 6RQ
One of Scotland’s premier retailing destinations
A
Unit 6 available extending to 10,062 sq ft (935 sq m)
E
AC
E
AL
DV
AL
M
ON
PL
Scheme size
Planning permission
Existing occupiers
111,160 sq ft
Open A1 (non food)
Currys/PC World, Halfords, Argos, Pets at Home,
Carpetright, Hobbycraft, Maplin, Dreams, ScS,
Tapi and Harveys
7 // Scotland
To
T
REE
L ST
OLD
MIL
10,000 SQ FT
AVAILABLE
20,000 SQ FT
AVAILABLE
1,500 SQ FT
AVAILABLE
Manchester
L
CAN
A
ROC
HDA
LE
NEW
DEVELOPMENT
PLANNED
Central Retail Park M4 6DL
Adjacent to Manchester City Inner Ringroad
GREAT
ANCOAT
S STREE
T
Scheme size
Planning permission
Existing occupiers
85,000 sq ft
Open A1 (part food)
Currys/PC World, JD Sports and Toys R Us
8 // North West
Exciting new refurbishment planned for 2016.
Manchester
w to
Ne gs
in
tt
le
BULK GOODS AREA
20,000 SQ FT
1,325 CAR PARKING SPACES
The Fort Shopping Park M8 8EP
The Largest Open A1 shopping park in the North West
GARDEN CENTRE
30,000 SQ FT
HILL ROAD
(A665)
use
CHEETHAM
Ho
Hira
NEW
ACCESS
ROAD
PROPOSED
Scheme size
Planning permission
Existing occupiers
325,000 sq ft
Open A1 (non food)
B&Q Warehouse, Halfords, Asda Living, Boots,
Specsavers, Argos, TK Maxx, Maplin, Game, Next,
H&M, Nike, Card Factory, M&S Simply Food, O2,
Clarks, Trespass, Superdrug, Outfit, Carphone
Warehouse, Pizza Hut, Ladbrokes and KFC
9 // North West
90,000 customers per week 3,183,000 people within a 30 minute drive time
ALBION WAY
OPENING
AUTUMN 2016
OPENING
AUTUMN 2016
CARROW ROAD
582 CAR PARKING SPACES
Norwich
w to
N e ng
i
tt
le
UE
KOBLENZ AVEN
Riverside Retail Park NR1 1WR
Norwich’s premier retail park
ER
RY
RO
AD
Adjacent to Norwich City Football Ground, train station and Riverside Entertainment Centre
Scheme size
Planning permission
Existing occupiers
172,206 sq ft
Open A1 (part food)
Morrisons, Argos, Next, H&M, Mothercare, Clarks,
B&M, Boots, Outfit, Costa, Nike, Card Factory,
Carphone Warehouse and Starbucks
10 // East Anglia
WH
6
20
1
N
20
16
N
6
UM
N
20
1
AU
T
UM
NG
Strong local catchment
OP
E
NI
NG
AU
T
NI
OP
E
Chilwell Retail Park NG9 6DS
12 unit scheme with drive-thru restaurant
Scheme size
Planning permission
Existing occupiers
140,500 sq ft
Open A1 (part food)
TK Maxx, Next Clearance, Matalan, Halfords,
Poundstretcher, Carpetright, Sports Direct,
Poundland, M&S Simply Food, Pets at Home,
McDonald’s and Costa
11 // Midlands
UM
AU
T
G
EN
IN
OP
Nottingham
w to
Ne gs
in
tt
le
505 CAR PARKING SPACES
VIDA
HAIRDRESSING
UNDER
OFFER
VISTA
ASTA
11,264 SQ FT
AVAILABLE
The
Entertainer
TheToyShop.com
Romford
MANAGEMENT
SUITE
w to
Ne gs
in
tt
le
GOLDEN
LOUNGE
DOCTOR
GADGETS
VIP
NAILS
T&B
PHOTOGRAPHIC
CURRENCY
EXCHANGE
KIOSKS
1,750 CAR PARKING SPACES
The Brewery RM1 1AU
Premier retail and leisure destination
P.F.S
WATERLOO ROAD
Scheme size
Planning permission
Existing occupiers
530,006 sq ft
Open A1 (food)
Sainsbury’s, HomeSense, Gap, Boots, Hobbycraft,
Zizzi, Virgin Active, Vue, Costa, Millets,
Poundland, The Range, TK Maxx, Thomas Cook,
JD Sports, Patisserie Valerie, Party Delights,
Starbucks and Nandos
12 // South East
Exciting new refurbishment planned for 2016
3,300 SQ FT
AVAILABLE
3,300 SQ FT
UNDER OFFER
2nd Floor
1ST FLOOR TENANTS
1st Floor
2nd Floor
Swansea
FIRST FLOOR
TO LET
4,300 SQ FT
1,300 CAR PARKING SPACES
TARD
ULAIS
LA U R
A AS
H LEY
Pontarddulais Retail Park
ROA
D
Parc Fforestfach SA5 4BA
Swansea’s premier shopping location
Adjacent to top trading Tesco Extra Superstore
Scheme size
Planning permission
Existing occupiers
129,000 sq ft
Open A1 (part food)
Tesco, Next, New Look, Boots, Clarks, H&M,
River Island, Home Sense, Lunn Poly,
Marks & Spencer, Costa, Poundland,
DW Sports and New Look
13 // Wales
P.F.S
PON
530 CAR PARKING SPACES
Waterlooville
A3
w to
Ne gs
in
tt
le
T
CE OW
NT N
RE
DU
SHKES
CEOPP WA
NT IN LK
RE G
SUB
WAY
Wellington Retail Park PO7 7FG
ASTON ROAD
HAMBLEDON ROAD
Dominant scheme with affluent catchment profile
1,0
AV 50
AIL SQ
AB FT
LE
AU OP
TU EN
MN ING
20
16
Scheme size
Planning permission
Existing occupiers
164,580 sq ft
Open A1 and part food
TK Maxx, Carpetright, Brantano, Argos, Matalan,
M&S Simply Food, Jollyes, Dreams, Halfords,
Costa, Carphone Warehouse, ScS, DFS,
Pets at Home, Harveys and Home Bargains
14 // South East
AU
M
150
A3
B2
RE
PA
S
W
AY
Adjacent to 2,500 new homes under construction
Wrexham
TO
DE
RO
FF
ER
HE
RO
N
FO
O
DS
UN
SA
LV
AT
IO
NA
RM
Y
PS
I
Island Green Retail Park LL13 7LW
518 CAR PARKING SPACES
10,5
AV 22 SQ
AIL
AB FT
LE
Town centre destination park
Extension to Wrexham town centre and main retail pitch off Hope Street
NE
& BO
Planning permission
Existing occupiers
138,568 sq ft
Open A1 (unrestricted)
Wilko, Asda Living, Argos, Costa,
Carphone Warehouse, Maplin, Poundland,
Domino’s Pizza, Sharps Kitchens
and Mountain Warehouse
15 // Wales
DOG
Scheme size
TH Real Estate is an established investment management
company, specialising in real estate equity and debt investment
worldwide. As one of the largest real estate managers in the world,
TH Real Estate has the scale, capital resources and knowledge to
provide creative and effective real estate investment solutions
for clients. With a focus on the retail, office, logistics, debt and
multifamily residential sectors, TH Real Estate emphasises
sustainable practices to protect assets and maximise their value.
The company is owned by TIAA, the leading provider of financial
services in the academic, research, medical, cultural and
government fields. TIAA has c.£577bn assets under management*
and offers a wide range of financial solutions, including investing,
banking, advice and guidance, and retirement services.
Launched in April 2014, TH Real Estate has a dedicated global
presence with offices across America, Asia and Europe,
representing c.£19.7bn* of real estate assets across c.50 funds and
mandates. Together with TIAA’s US real estate assets, the global
real estate platform of £61.9bn* represents one of the largest real
estate investment management enterprises in the world.
With c.£21.4bn* invested in retail, we are the largest global fund
manager in the retail sector, managing over 280 retail assets
around the world. Our flagship funds include those focused on
prime shopping centres, retail warehouse parks, neighbourhood
centres and outlet malls. We also manage a number of significant
retail mandates on behalf of international sovereign and major
pension fund clients, and are involved in some of the best-known
retail schemes worldwide, including Bullring in Birmingham,
Florentia Village Jingjin in Beijing, Mount Ommaney Shopping
Centre in Brisbane, and JK Iguatemi Mall in Brazil.
We bring a unique offering to the retail sector: a fusion of
a skilled retail manager with the gravity of a large investor.
Our approach to retail is multi-layered: Our research team
continuously monitors the changes in consumer behaviour,
our asset managers build close working relationships with our
tenants, and our investment teams focus on understanding and
delivering our clients’ objectives. As our approach cannot be
achieved remotely, we have strong retail teams on the ground
in Australia, Austria, China, France, Germany, Italy, Singapore,
Spain, Sweden, the UK and the US.
threalestate.com
*All figures as at 31 December 2015.
Contact us
7
5
Michael Neal
Director, Fund Management
Mark Carpenter
Director of Investment
T: 020 3727 8172
E: [email protected]
T: 020 3727 8126
E: [email protected]
Katherine Friend
Head of Asset Management,
Retail Warehousing
T: 020 3727 8146
E: [email protected]
8 9
15
4
6
11
10
2
Mark Cruddas
13
Senior Portfolio &
Investment Manager
T: 020 3727 8132
E: [email protected]
Adam Stone
Senior Portfolio Manager
Ceri Griffiths
Manager, Investment Analysis
1T: 020 3727 8209
E: [email protected]
T: 020 3727 8149
E: [email protected]
3 12
14
Property
TH Real
portfolio
Estate
About TH Real Estate
threalestate.com
This document is intended solely for the use of professionals and is not for general public distribution. Past performance is no guide to future performance.
The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is
intended to or should be construed as advice. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for
the sale or purchase of any investment. This document is not directed at or intended for any person (or entity) who is citizen or resident of (or located or established
in) any jurisdiction where its use would be contrary to applicable law or regulation [or would subject the issuing companies or products to any registration or
licencing requirements]. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. Issued
by Henderson Real Estate Asset Management Limited (reg. no. 2137726), (incorporated and registered in England and Wales with registered office at 201 Bishopsgate,
London EC2M 3BN) which is authorised and regulated by the Financial Conduct Authority to provide investment products and services. Telephone calls may be
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Ref: 14377.001
April 2016