Park Place Retail have been retained by Nestware Holdings to asset manage 16 retail sites throughout the UK and channel islands. The sites predominantly incorporate retail warehouse sites which were previously let to Carpetright. As such, the emphasis is on letting the vacant units. Sites include:- Brighton under offerCardiff –…

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We have advised NFU on the acquisition of this prime retail park of 106,000 sq ft for over £30 million. We are  also instructed on the ongoing asset management and, in particular, on the letting of the former Carpetright unit where there is strong tenant interest. For further information, please contact:-…

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Park Place Retail are delighted to have appointed Henry Elwess as a Partner in their agency team. Henry will work alongside James Potter, Grant Imlah, David Marsden, Andrew Cherry and George Stratton on their landlord instructions, which cover 23 million sq ft of retail warehouse space.  Henry will also continue…

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Acting for LondonMetric plc, Park Place Retail sold the Gateway Retail Park in Weymouth to clients of Colliers Capital for £14.3 million. The scheme was completed in 2022 and comprises 51,000 sq ft let on long leases to B&M, Dunelm, McDonald’s and Costa, with a WAULT to break of 12.4…

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Park Place Retail are retained by JD to continue their expansion programme on retail parks. Following 25 new openings in 2021-2023, @JD are opening the following 8 new retail park stores in 2024:- JD are looking for further opportunities for 2025.  The typical requirement is for 6,000-10,000 sq ft on…

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Park Place Retail are delighted to have sold Southampton Road Retail Park in Salisbury to British Land. The retail park is the largest, most modern dominant and prime scheme in the town, situated in the main retail warehouse destination, off the A36 Southampton Road. Tenants on the 128,842 sq ft…

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We are delighted to have advised LaSalle Investment Management on the sale of the freehold interest of the Tandem Centre in Colliers Wood to clients of Abrdn for a price of over £60 million. Miles Marten, Investment Partner of Park Place Retail, says:- “The marketing and sale of this scheme…

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Advised by Park Place Retail, Landsec have sold the The Bishop Centre, Taplow, SL6 0NY to a private property company.  The scheme was completed in 2014, comprising over 105,000 sq ft, with 449 car parking spaces, and is anchored by Tesco, with other retailers including Nike, TK Maxx, Homesense, Mountain…

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Acted for a large REIT in the purchase of Birstall Shopping Park, Leeds. This comprises an 18 unit shopping park totalling 166,000 sq ft and is anchored by M&S, Next, DFS, Boots, TK Maxx and Wren. £67.27 million was the quoting price reflecting a NIY of 8.5%.

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Primark have opened at Teesside Park today. Formerly a Mothercare store, which was extended to the rear, with a full cover trading mezzanine added, the store extends to 50,000 sq ft. This follows recent openings by Wagamama, Lush and Nike Unite. Lots of other exciting new openings planned over the…

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