Asset manager and developer Altered Space has been retained to continue managing the Stanley Square mixed-use scheme in Sale following its acquisition late last year by Magnetar, supported by operating partner Northdale Advisors.
The 15,000 sq m scheme has been managed by Altered Space since 2019 and the developer has overseen a full repositioning of Stanley Square, incorporating retail, leisure, commercial and childcare facilities.
Michael Brown, co-founder of Altered Space, said: “Since 2019, we have actively repositioned Stanley Square as a resilient, mixed-use asset delivering both strong commercial returns and meaningful community impact. Our continued role with Northdale allows us to build on this foundation and unlock the next phase of growth, evolving the scheme and driving long-term performance.”
Joseph Pedlow, partner at Northdale Advisors, added: “Stanley Square is a well-established town centre asset with strong fundamentals, and we see clear opportunities to enhance both its value and its role in the community. Altered Space’s proven ability to reposition and activate the scheme made their continued involvement a key strategic choice, allowing us to build on their success and deliver sustainable growth.”
