Evolve Estates acquires new retail sites in Northampton
This is an exciting and logical addition to our portfolio, we already own and manage the Grosvenor shopping Centre which has proved to be a great success.
Evolve Estates, part of M Core, has acquired a portfolio of retail units in Northampton as part of its continued strategic growth.
The deal includes 15-27 and 27/29 on Abington Street, the main road linking the east of Northampton town centre with the Market Square, and 9/15 and 1-13 Wood Street. Units are let to established occupiers such as Waterstones, Barclays Bank, Bodycare, Holland & Barrett, and Superdrug.
Evolve Estates acquired the units for an undisclosed sum as part of its proactive acquisition drive in shopping parades, centres and retail parks across the UK.
Joe O’Keefe, Co-Founder at Evolve Estates said: “This is an exciting and logical addition to our portfolio, we already own and manage the Grosvenor shopping Centre which has proved to be a great success. This continuity of ownership is great news for the community and local shoppers to the area, aiming to create spaces where businesses can grow and provide the community with further services and retail opportunities.”
Agents acting on behalf of Evolve were Tim Lloyd at Cited, Gregg Goodman as the solicitor at Clarke Willmott. The vendor’s solicitor was Mishcon de Reya LLP.
This announcement follows the acquisition of Carter Sq, Uttoxeter by Evolve Estates, the National commercial property and investment company. M Core has invested more than £275 million in the past 12 months across UK commercial real estate, with notable acquisitions such as The Centre, Livingston, Cwmbran Centre, The Galleries in Washington, Sunderland, and Three Spires in Lichfield. Armed with £500 million for investments ranging from £2 million to £250 million, M Core actively seeks new sites for acquisition.
For further information on this acquisition or opportunities at the scheme, please contact: Katayoon Behbahani.
This is an exciting and logical addition to our portfolio, we already own and manage the Grosvenor shopping Centre which has proved to be a great success.
