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Cross Border News  |  September 23, 2025
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By: Monte Stewart

Brookfield Asset Management Loans LaSalle £450M for Two U.K. Outlet Centre Acquisitions

Brookfield Asset Management has provided a £450-million loan to LaSalle Investment Management to support its acquisition of two outlet centres in the United Kingdom.

The refinancing deal covers the 2022 acquisitions of Cheshire Oaks Designer Outlet in Cheshire, England and Swindon Designer Outlet in Swindon, England.

The loans are Brookfield’s largest ever in Europe. The Cheshire property spans about 400,00 square feet, while the Swindon assets comprises approximately 250,000 sf, according to CoStar.

Major tenants include Polo Ralph Laurent, and Nike in Cheshire, along with Tommy Hilfiger, Calvin Klein and Lacoste.

Pictured: Cheshire Oaks Designer Outlet centre in Cheshire, England.

Image: Trip Advisor

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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