Investments / West One Shopping Park, Eccles

Description

West One Retail Park has a complicated history and was built as a high value shopping park in 2001 letting to Next, Uniqlo, JJB, Mothercare etc.  It traded at its peak for over £70m but failed to secure a full retailer line up and due to retailer failures and break options, the park became virtually vacant.

Scheme Size

150,000 sq ft

Purchased on behalf of

Frogmore jointly with Staunton Whiteman & Westmount Real Estate

Scheme Value

£20m

Strategy

CSP have been instructed to let the vacant units and reposition the park as a general retail/value shopping park.  CSP have prelet 22,000 sq ft to Home Bargains simultaneously with the purchase.

 

This purchase represents CSP’s strong occupational knowledge and advice, securing a major prelet to coincide with the investment purchase.  The park is now subject to strong occupational demand and further lettings will be announced imminently.