Leading UK and European real estate investment management firm, Oxenwood Real Estate has completed the £50 million acquisition of Hayes Bridge Retail Park in west London, alongside partner Graftongate Investments. 

The joint venture partners have purchased the 8.3-acre retail park in Hayes, the transaction is the first in a new relationship between Graftongate and Oxenwood. 

Hayes Bridge Retail Park is located off A4020 Uxbridge Road, between junction 3 of the M4 and A40 Western Avenue and comprises nine units totalling 104,820 sq ft, let to eight tenants. 

The retail park benefits from significant local infrastructure improvements, including two Crossrail stations within 1.5 miles of the property and a potential third runway at Heathrow Airport.

Alex Thomason, development manager, Graftongate, said: “We are very pleased to have acquired Hayes Bridge Retail Park in an off-market transaction, our first joint venture with Oxenwood. The site lies in a strategically important location in west London within a short distance of a large and growing local population and with excellent transport links via road, rail and air. We look forward to furthering our relationship with Oxenwood and developing the site’s full potential.”

Jeremy Bishop, co-founder of Oxenwood, said: “The transaction represents a rare opportunity to acquire a sizeable asset in west London complementing our strategy to assemble a portfolio of well located, urban assets with medium-term value add and redevelopment potential.”

Stockford Anderson and DTRE acted on behalf of Graftongate and Oxenwood Real Estate.