A global property investor has bought Deptford Poundland for nearly £2m.

The Pervaiz Naviede Family Trust (PNFT) have purchased the site on Deptford High Street, which includes retail, office and residential space, for £1.9m.

It is currently occupied by Poundland Limited on a 15 year lease.

PNFT spokesman Rudi Falla said: "We saw 124 High Street's potential as an attractive investment opportunity as it is located in the centre of Deptford's retail district and enjoys excellent connections to Deptford Train Station and Giffin Square community space.

"The area is already benefiting from a large-scale regeneration programme that will amount to approximately £1bn of investment in developments and infrastructure, which looks set to further increase visitor numbers."

The deal marks a new direction for PNFT as it focuses on long-term investments in 'premium UK real estate'.

Mr Falla added: "The long-term lease to Poundland makes it a valuable asset in the Trust's growing commercial portfolio and we are currently seeking similar opportunities offering high rental yields."