CBRE Investment Management Secures Aldi for Key Unit in Fulham Broadway

8 February 2024

CBRE Investment Management has today announced that it has signed supermarket chain, Aldi in Fulham Broadway Retail Centre. This comes after the destination has undergone a transformative year following investment by CBRE Investment Management (CBRE IM) and a range of new additions to the centre line-up.

Aldi has signed a 20-year lease for a 12,734 sq ft store in a space previously occupied by homeware chain, Wilko. The supermarket joins the recently opened flexible workspace, Fulham Works by Spacemade, the revamped David Llyod club. As well as other retailers including Accessorize, Nando’s, Vue, Pret, Starbucks and Wagamama, creating an enhanced retail, leisure and office hub within the destination that is relevant to the community and visitors alike.

CBRE IM continues to invest in Fulham Broadway to deliver a revitalised vision for the scheme. It received strong interest from other parties for the unit before selecting Aldi, who is planning to open the store later this year.

Louisa Butters, Head of Retail Asset Management UK at CBRE IM said: “Aldi is one of the biggest supermarkets in the UK and its new store at Fulham Broadway reflects our strategy to ensure that our proposition is relevant to our consumer needs. We believe Aldi is an excellent addition to our retail mix and we look forward to welcoming them.”

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $144.2 billion in assets under management* as of September 30, 2023, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2022 revenue). CBRE has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

Source: CBRE