Sheet Anchor Evolve, strengthens UK retail portfolio with acquisition of Vicar Lane, Chesterfield

Sheet Anchor Evolve, part of M Core – one of the UK’s largest privately held property investment and management collectives – has acquired Vicar Lane in Chesterfield, a modern open-air retail destination at the heart of the town centre.

The strategic acquisition reinforces M Core’s commitment to investing in convenience-led retail and delivering long-term value through intensive asset and property management. The 202,000 sq ft scheme comprises 34 units and a 400-space car park, with a strong mix of fashion, food, and essential services retailers.

Vicar Lane is already home to a broad range of national and regional occupiers including JD Sports, H&M, Superdrug, Iceland, River Island, and The Works. The scheme also includes civic space at St James’ Square, enhanced with a 12m LED screen, and is adjacent to several major regeneration projects including the Chesterfield Waterside scheme and the future HS2 station.

Danny O’Keefe, Founding Partner at Sheet Anchor Evolve said:

“Vicar Lane is a well-positioned retail destination in a town with ambition and momentum. As a long-term investor, our strength lies in our ability to invest in places, work closely with tenants and local stakeholders, and use our in-house expertise to unlock value. This is exactly the type of asset we can evolve through intensive management – enhancing its relevance to the community and supporting its role in Chesterfield’s wider regeneration.”

This latest acquisition adds to M Core’s expanding UK portfolio and underlines its focus on assets where it can bring capital, capability, and creativity to deliver strong outcomes.

Bradley Maher, Cited and Oliver Horton, GCW acted for Sheet Anchor Evolve and James Hessey, Time Retail Partners acted for the Vendor.