Columbia Threadneedle Real Estate has acquired Parkgate Shopping Park in Rotherham on behalf of client funds for an undisclosed sum.
The park comprises circa 406,000 sq ft of retail warehouse and restaurant space on a 40.6-acre site. Anchor tenants include Primark, Currys, Next and Frasers, which is due to open a new 45,000 sq ft store in Q1 2024.
A spokesperson for Columbia Threadneedle Real Estate said: “We are delighted to add Parkgate to our extensive retail warehouse portfolio that now totals some 10m sq ft. By utilising our existing strong retailer relationships, we see real opportunity to maximise Parkgate’s potential both for retail and restaurant operators and customers, taking its place as a leading shopping and leisure destination befitting of its scale and regional dominance.”
ESH acted for the purchaser and Staunton Whiteman represented the vendor.
