M Core acquires landmark North West London mixed-use estate, The Northern Quarter, Colindale
“The Northern Quarter is a stand-out investment, a rare, modern, mixed-use property in one of London’s fastest-growing suburbs. Its strong community relevance and location in an area of natural growth make it a compelling long-term hold for us. We’re proud to welcome TNQ into the portfolio. We also thank all professional advisers, agents, and stakeholders who contributed to the successful completion of this acquisition.”
M Core, has completed the acquisition of The Northern Quarter (TNQ), a modern mixed-use estate in Colindale, London Borough of Brent. This acquisition marks a strategic addition to the UK expanding portfolio and highlights M Core’s commitment to investing in vibrant, community-focused urban centres.
Situated at 50 Capitol Way, The Northern Quarter covers 4.29 acres and provides 64,000 sq. ft of premium commercial space. Anchored by well-known brands such as Aldi, M&S Foodhall, Nando’s, Starbucks, and Anytime Fitness, the estate combines retail and leisure in a vibrant hub for the local community. Completed in 2021 and upgraded in 2023, the asset is a modern and well-connected destination that caters to the changing needs of its growing population.
Located at the junction of Capitol Way and Edgware Road (A5), TNQ benefits from excellent connectivity, with Colindale (Northern Line) and Queensbury (Jubilee Line) stations nearby. The estate is situated in the centre of a thriving catchment, with over 15,000 new homes built in the area over the past decade and more than 77,000 residents within a one-mile radius.
James Buchanan, Group Managing Director at LCP UK, part of M Core, comments: “The Northern Quarter is a stand-out investment, a rare, modern, mixed-use property in one of London’s fastest-growing suburbs. Its strong community relevance and location in an area of natural growth make it a compelling long-term hold for us. We’re proud to welcome TNQ into the managed portfolio.
We also thank all professional advisers, agents, and stakeholders who contributed to the successful completion of this acquisition.”
The asset will be managed by Charlie Sankey, Asset Manager at LCP. The transaction was finalised with support from Catharine Gunz and Emma Hands of Osborne Clarke, and Jonathan Heptonstall of JLL acted on behalf of Sheet Anchor, part of M Core, which acquired the asset.
This acquisition further strengthens M Core’s presence in the UK and aligns with its pan-European strategy of disciplined investment and active asset management. With more than £6.2 billion in assets under management and a portfolio of over 1,100 properties across the UK and Europe, M Core continues to create long-term value for its partners, tenants, and communities.
“The Northern Quarter is a stand-out investment, a rare, modern, mixed-use property in one of London’s fastest-growing suburbs. Its strong community relevance and location in an area of natural growth make it a compelling long-term hold for us. We’re proud to welcome TNQ into the portfolio. We also thank all professional advisers, agents, and stakeholders who contributed to the successful completion of this acquisition.”
