News
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Recent restaurant lettings
Whilst the restaurant sector undoubtedly has its challenges, in the last few months, we have agreed a number of lettings for landlords on retail parks to some great restaurant operators, including:- Bolton – Middlebrook (Orbit)3,875 sq ft to Loungers3,075 sq ft to WingstopLiverpool – New Mersey (British Land)3,550 sq ft…
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We are partnering with Sparkes Homes Sri Lanka
Park Place Retail are delighted to announce we are partnering with Sparkes Homes Sri Lanka, a charity run by George Stratton’s mum, Claire Stratton (nee Sparkes). The Sparkes family have long connections with Sri Lanka, dating back to the mid-19th century when their ancestors went to Ceylon to establish coffee…
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Park Place Retail sell freehold of former Carpetright in East Grinstead
Acting on behalf of Nestware Properties, Park Place Retail have sold the freehold interest of the former Carpetright store in East Grinstead to Collingwood Batchellor, a regional (Sussex and Kent) furniture retailer, for an undisclosed sum. For further information, please contact Grant Imlah | 07831 612 077 | grant.imlah@parkplaceretail.co.uk
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Nestware Holdings retain Park Place Retail on 16 assets
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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Christchurch Retail Park, Christchurch
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 appoint Henry Elwess as Partner
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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LondonMetric sell Gateway Weymouth
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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JD looking for more retail park stores
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 sell Southampton Road Retail Park in Salisbury
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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Park Place Retail sell the Tandem Centre for over £60 million
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…