Specialist real estate investor Compagnie du Parc (“CdP”) has partnered with RevCap, a European investor, to complete the purchase of the Bligh’s Meadow retail scheme in the heart of Sevenoaks town centre, one of the most affluent towns in the South East.
The scheme, which was marketed for £26.7m, comprises 77,000 sq ft of the town’s prime retail space and is home to a strong lineup of brands, including Gails, Whistles, Costa, Cook and Holland & Barrett. With its central position and high-quality tenant mix, the scheme continues to benefit from robust and active consumer demand, underscoring its role as a key shopping destination in the town.
This acquisition represents the first step in a new retail strategy for CdP, sitting alongside its traditional focus on Greater London industrial assets. This strategy will target uncovered shopping centres and substantial high‑street blocks in affluent, supply constrained South East towns.
With significant capital ready to deploy, CdP is actively seeking further opportunities across both the retail and industrial sectors.
Commenting on the purchase, CdP UK Managing Director Jonathan Coenca said:
“It was important for us to be highly selective with our first retail acquisition, and Bligh’s Meadow represents exactly the type of asset we have conviction in — a dominant, open air scheme in an affluent town with strong fundamentals and clear long-term relevance.
“This transaction demonstrates our commitment to the UK market and our ability to deploy capital in different ways, including alongside joint-venture partners such as RevCap.
“We remain very active in the light industrial market and continue to look for further opportunities across both sectors.”
Knight Frank, Moorhall Capital and Kingsley Napley advised CdP and RevCap on the purchase. JLL advised the Seller. Estama has been appointed as asset manager of the scheme.
