DTZ Investors acquired the Shop Stop retail parade at Clapham Junction station in London for £130 million from Delancey, Property Week reported June 5.
The 70,000-square-foot asset offers a redevelopment opportunity. Sovereign Centros is the development manager on the scheme.
The property was marketed by JLL with an initial asking price of roughly £100 million, the report noted.
The sale price reflects a yield of roughly 3.25%.
Tenants at the property, which has office space on two upper floors, include M&S Simply Food, Sainsbury's, Monsoon and Fitness First.
