M Core continues its growth with Wimbledon acquisition

Sheet Anchor Evolve, part of M Core, has acquired a prominent 38,000 sq ft retail parade and multi-storey car park adjoining Wimbledon Bridge House, an office building in the heart of Wimbledon town centre. 

This latest acquisition, purchased from developer London Square, highlights M Core’s ability to identify opportunities and deliver tailored asset management strategies across the retail sector.

Wimbledon Bridge House occupies a landmark location directly opposite both Wimbledon Station and Wimbledon Quarter. It is ideally placed to take advantage of the first-class connectivity and the amenity-rich surrounding areas.

The properties are currently let to five high-profile tenants, including Metro Bank, Joe & the Juice, Itsu, Fitness Space, and a brand new 14,000 sq ft Aldi store.  The retail parade will provide a rare and attractive WAULT of 16.5 years to lease expiries and 8.3 years to breaks. 

Wimbledon Village is less than a mile from the property. It is a highly desirable residential location with a bustling high street boasting several bars, cafes, and restaurants. The town is southwest London’s premier location for business, leisure, living, and culture, attracting over half a million visitors every summer.

The town centre is designated as a Major Centre within the London Plan, and in 2020, the Future Wimbledon Supplementary Planning Document was adopted to create a long-term vision for its development.

Joe O’Keefe, Founding Partner of Sheet Anchor Evolve, said: “This acquisition marks another significant step in our strategic growth journey as part of M Core. Wimbledon Bridge House is a strong addition to our expanding portfolio. This well-located, high-performing asset aligns with our approach to acquiring properties with long-term income and potential for asset management.

We remain focused on growing across key town centres and delivering value for our investors and stakeholders.”

Sean Gavin, Managing Director, South at London Square, commented: “The sale of this important retail parade to a specialist of Sheet Anchor Evolve’s calibre will ensure that the ground floor uses at Wimbledon Bridge House thrive as we invest in the wider property to help enhance the town centre for residents, businesses and visitors.”

Jack Barratt from Bruce Gillingham Pollard acted for Sheet Anchor Evolve.