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News Release


JLL advises KKR and Quadrant Estates on £67 m Oxford Shopping Park sale

JLL has advised KKR and Quadrant Estates on the sale of the 138,500 sq ft Templars Shopping Park in Oxford. The park has been sold to Pramerica Real Estate for £67m, equating to a net initial yield of 4.99%.

JLL advised the vendor when they acquired the park in 2013, as part of the £112m Tuscany Portfolio.

Will Andrews, head of JLL's Out of Town Retail & Leisure team, commented: "Since acquiring the asset, KKR and Quadrant Estates have completed a highly successful asset management plan which has included lettings to Sainsbury's, DW Sports, Pets at Home, Costa and Pure Gym."