Retail park acquired for £14m

SUI Generis Investments has acquired Atlantic Street Retail Park – an 80,000sq ft scheme in Altrincham, Greater Manchester – for £14m.

Commercial property company Cushman & Wakefield acted on behalf of Sui Generis on the deal for the park which was marketed by Savills on behalf of vendor LaSalle Investment Management.

Atlantic Street Retail Park is situated in the Broadheath area of Altrincham opposite the Crown Estates’ popular Altrincham Retail Park.  It was previously home to Dreams and Allied Carpets.  B&Q is the only remaining occupier with seven years left on its lease.
 
Simon Marshall of C&W said:  “Atlantic Street and the surrounding area has seen significant development over the past 12 months with ASDA’s new 40,000sq ft store drawing increased consumer flow past the retail park.  

“Additionally, the improvements at Bridgewater Retail Park and the continued success of Altrincham Retail Park highlight the strength of this pitch as one of South Manchester’s primary retail warehouse destinations.

“Not only this, but the increased residential development along Woodfield Road underlines Atlantic Street as an important retail provision.”

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