£162m purchase of The Brewery an 'exciting opportunity', say new owners
The Brewery was bought for a total of £162 million in a 50:50 purchase - Credit: Archant
The recent sale of Romford’s The Brewery offers an “exciting opportunity” for the shopping and leisure centre, say its new owners.
In a deal worth £162 million, Schroders Capital's Schroder UK Real Estate Fund (SREF) and the Zurich Investment Foundation Immobilien Europa Direkt - which is managed by Schroders Capital - partnered up for a 50:50 purchase of the Waterloo Road site.
The Brewery contains a range of stores and restaurants, including Patisserie Valerie, Starbucks and Vue Cinema.
Jessica Berney, fund manager for SREF, Schroders Capital, said: “We will be working closely with local government planning teams to help enhance the site and this area of Romford.”
Harry Pickering, head of UK retail at Schroders Capital, added: “The Brewery is an exciting opportunity, showcasing the best of what retail warehousing should be.”
In a release, Schroders said the site “offers longer term alternative use potential, being located within the Romford Strategic Development Area”.
It confirmed that this means it could potentially use a section of the site for homes, while retaining parts of the retail and leisure space, but said it does not have any plans to do so in the near future.
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The Brewery was approached for comment.
