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Chester retail park snapped up for £36m

A retail park in Chester whose tenants include Next, Boots and Dunelm has been snapped up by a real estate investment company for £36m.

Greyhound Retail Park, which spans 121,103 sq ft, has been bought by real estate investment company Aprirose. The park is fully let to retailers including Next, Boots, Dunelm and Oak Furniture Land.

The acquisition represents the company’s fifth transaction since the EU referendum took place in June 2016. It is also the second recent deal that Aprirose has conducted with Standard Life Investments, following the purchase of the Leonardo Hotel in Heathrow for £25.5m.

The Greyhound Retail Park is located next to Chester Retail Park, which is owned by Consolidated Property, with retailers including TK Maxx, Sports Direct and B&M. Read more