Leamington Shopping Park sold for £58m

By James Smith

16th Sep 2024 | Local News

Leamington Shopping Park has been sold (image by Geoff Ousbey)
Leamington Shopping Park has been sold (image by Geoff Ousbey)

Leamington Shopping Park has been sold for £58 million to an investment management firm.

CBRE IM has bought the Tachbrook Park Drive site - which is home to The Range, M&S, Halfords and more - from abrdn's UK Real Estate Fund.

The 159,000 sq ft development was acquired in a deal worth £57.55 million.

Property agent Knight Frank helped advise on the deal, with senior surveyors from the company sharing news of the sale on LinkedIn.

UZsVEQrgRr4x4aRc2Phz0kpoLX0CRB-metaSU1HXzU4MDcuanBlZw==-.jpg

Daniel Serfontein, partner in Knight Frank's retail team, said in a statement published by TheBusinessDesk: "Retail parks are an increasingly attractive asset type, with prime locations like Leamington Spa able to deliver strong footfall owing to a diverse occupier mix.

"We are pleased to have advised CBRE Investment Management in adding this impressive asset to their portfolio."

Work to create two new drive-thru eateries at Leamington Shopping Park is currently well underway.

Meanwhile Pret a Manger was recently granted planning permission to open a new café there.

Businesses on the site remain open as usual.

     

New kenilworth Jobs Section Launched!!
Vacancies updated hourly!!
Click here: kenilworth jobs

Share:

Related Articles

Most businesses don’t realise they are paying too much for their energy. Let the team at Radius Energy help you fix that (Nub News).
Advertisement Features

Kenilworth businesses: Save up to 50 per cent on your energy bills

The name has been temporarily removed from the narrowboat (image via Warwickshire Rural Crime Team)
Local News

Narrowboat stolen in South Warwickshire

Sign-Up for our FREE Newsletter

We want to provide kenilworth with more and more clickbait-free local news.
To do that, we need a loyal newsletter following.
Help us survive and sign up to our FREE weekly newsletter.

Already subscribed? Thank you. Just press X or click here.
We won't pass your details on to anyone else.
By clicking the Subscribe button you agree to our Privacy Policy.