Property firm wins raft of Northern retail park management contracts
Wilmslow-based Re:volve Real Estate has clinched a significant portfolio management deal with Manchester-based Consolidated Property Group, further solidifying its position in the commercial property sector.
The agreement encompasses 252,000 sq ft of prime retail space across Chester, Macclesfield, and Sheffield.
Chester Retail Park
The portfolio includes the prominent Chester Retail Park, which spans 152,000 sq ft on a 14-acre freehold site along Old Seals Way. The retail destination boasts an impressive tenant roster, including B&M, Tenpin, The Range, McDonald’s, Burger King, and TK Maxx. Recently, Jolleys and Age UK have also secured leases at the site.
In Macclesfield, Re:volve will oversee the Silkworks development, a 60,000 sq ft retail space on Pickford Street. Currently, this location is home to key occupiers such as DW Sports, Sports Direct, and Fever Bar Group.
Completing the trio of properties is Crystal Peak in Sheffield, a 40,000 sq ft retail hub on Peaks Mount. This site is currently leased to retail giants including Argos, B&M, Boots, EE, McDonald’s and Pure Gym, cementing its position as a go-to shopping destination.
Re:volve Real Estate’s mandate for these properties focuses on maximising asset value, enhancing operational efficiency, and strategic positioning for growth.
The property firm has already initiated measures to optimise operational costs and boost asset value across the portfolio.
Crystal Peak, Sheffield
This new acquisition bolsters Re:volve Real Estate’s impressive client roster, now exceeding 35 clients with assets totalling more than £400m.
Stuart Dawson Managing Director at Consolidated Property Group, said: “A1 retail parks are fast establishing themselves as important retail hubs.
“We’re focused on improving occupier satisfaction and attracting top retailers. Finding a property management company that can add value to our site and meet market demands was key.”
He added: “The Re:volve team impressed us with their practical approach and we’re optimistic about the development of this asset.”
Anna Main, Managing Director at Re:volve Real Estate, outlined the company’s strategy: “We’re implementing targeted upgrades to streamline operations and enhance each site’s appeal and profitability.
“Our approach involves active engagement with occupiers, strategic investments in key areas, focused efforts on occupier satisfaction, proactive park management and contract optimisation.
“We’re also committed to overall aesthetic and functional improvements across all properties.”
She added: “This partnership with Consolidated Property Group presents an exciting opportunity to demonstrate our value-add capabilities in the retail park sector.
“We’re confident that our tailored approach will not only meet, but exceed the expectations of both our client and the park’s occupiers.”
