The Lexicon Bracknell has declined to comment over a report it has been sold to US investment trust Realty Income.
CoStar News has reported the investor has acquired the shopping and leisure centre for £150 million from the joint venture between Schroder Capital UK Real Estate Fund and Legal & General Capital which developed it.
Until now, according to CoStar, Realty Income Corporation had largely focused on retail parks and supermarkets in the UK and avoided shopping centres.
CoStar states: “The entrance of Realty into the shopping centre space could be a game changer for the market in the UK, given its recent dominance of the retail park and supermarket investment markets.”
The sale of the centre, which opened in 2017, was handled by JLL.
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The NIHL final four weekend is the climactic end to the NIHL season, where the top four teams face off in knockout-style games. It’s a celebration of UK hockey, often attracting big crowds and lots of excitement. To learn more, the EIHA in Great Britain explains the event’s format very well.