Bouverie Place to be sold to new investor

Bouverie Place, currently owned by CCP III SHOPPING FOLKESTONE S.A.R.L., registered in the offshore tax jurisdiction of Luxembourg, is to be sold to a new investor.

Bouverie Place is a 256,000 sq ft² (approx. 23,700 m²) retail scheme built in 2007.

CCP purchased Bouverie Place in 2013 for £19.7m (exclusive of VAT).

The ownership includes both the Superdrug and Costa Coffee on Sandgate Road which helps control the linkage with the town centre. In addition, there are two shops (Burger King and Subway) located to the rear of scheme on Bouverie Place.

As we understand real estate debt specialist M7 Capital has provided a £7.4m loan, on behalf of its UK debt fund TREC II, to support David Samuel Properties’ acquisition of Bouverie Place.

David Samuel Properties’ according to Companies House is ultimately owned by two companies:

Ainsdale Properties Limited – ( Member of SPEY INDUSTRIAL PROPERTIES LLP)

Airport Estates Limited – (beneficial owners David & Martina Hammelburger)

David Samuel Properties is a specialist UK commercial real estate investor that has more than £420m of assets under management, with over 800 tenants in more than 150 locations.

The price David Samuel Properties will pay for Bouverie Place is not yet known.

The Shepway Vox Team

Not owned by Hedgefunds or Barons


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