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Information about retail space in Greater Manchester
Latest retail news in Greater Manchester
American REIT acquires supermarket and drive-through unit in Manchester for £20m
4 January 2025
New York-listed real estate investment trust (REIT) W. P. Carey has acquired a supermarket and drive-through restaurant property at a Manchester retail park for £20m. The properties at M Park Lime Square are occupied by Morrisons and McDonald's and are both leased on a triple-net basis. M Park Lime Square is located along the A635 east of Manchester city centre. The scheme benefits from high footfall and is supported by its proximity to densely-populated residential areas.
CBRE wraps up 2024 with £62m Manchester retail park acquisition
1 December 2024
CBRE Investment Management has acquired a retail park in Ashton-Under-Lyne in Manchester from Orchard Street Investment Management for £62m. Located five miles east of the city centre, Snipe Retail Park spans 242,000 sq ft and is anchored by B&Q. CBRE IM was represented by Xprop, whilst Savills acted for Orchard Street. James Hurst, director in investment at Savills, said: “2024 has proved to be a resurgent year in the retail warehouse investment market with strong trade, low vacancy and rental growth driving investment volumes in excess of £3 billion, for only the third time in the last decade.
Stockport shopping centre welcomes four major openings and 13 renewals in 2024
5 December 2024
Merseyway Shopping Centre in Stockport is hailing a 2024 which saw four major store openings, 13 lease renewals, and an expected footfall of seven million visitors. Over the course of the year, the scheme has secured the letting of three major retailers – Tesco, Poundland, and Eyehut – and the relocation of JD Sports into a larger unit. Three new tenants at Merseyway are set to be announced in the New Year.