Irwin Mitchell Advises On Shopping Centre Purchase for M&M First Property For New Shopping Centre Fund 16.06.2015 Karen Roberts, Press Officer | 0207 400 8714 National law firm Irwin Mitchell’s real estate team has advised M&M on the exchange of contracts to purchase the Rope Walk Shopping Centre, Nuneaton – the first property for its new shopping centre fund. The purchase price of the 205,000 sq ft. shopping centre is around £24 million. The shopping centre has been purchased from Ireland’s NAMA and is let to tenants including H&M, New Look, Next and TK Maxx with an annual passing rent of almost 2.6 million. The purchase includes the adjoining prime retail block 32/36 Queens Road where 90% of the income is secured to national retailers. Financing for the deal is being provided by ICG-Longbow. The Irwin Mitchell team was led by real estate partner Rupert Dowdell, assisted by John Arey, with other members of the Irwin Mitchell legal team providing construction, employment and finance advice. Rupert Dowdell said, “M&M is committed to building up a shopping centre portfolio and we are pleased to be advising them on this first purchase. Further acquisitions for the fund will be sought.” Press contact Karen Roberts PR Consultant 0207 400 8714 Email Karen Related articles 15.02.2017Cocoon Aims To Secure £2.5m For Latest Expansion Drive 14.02.2017Serious Fraud Office - The Big Funding Debate 14.02.2017Inflation Rises As UK Feels Effect Of Weak Pound Post-Brexit Vote 10.02.2017Today's Court Of Appeal Ruling To Have Impact on Uber And Other Firms In 'The Gig Economy' 09.02.2017Court Of Appeal Employment Ruling To Have Impact on 'Gig Economy'