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DTZ Investors pays £130M for retail asset at London's Clapham Junction

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.