Sheet Anchor Evolve has acquired the Vicar Lane open-air retail scheme in the heart of Chesterfield town centre for an undisclosed price.
The 202,000 sq ft scheme comprises 34 units and a 400-space car park and is 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, which features a 12m LED screen, and is adjacent to several major regeneration projects including the Chesterfield Waterside scheme and the HS2 station.
Danny O’Keefe, founding partner at Sheet Anchor Evolve, which is part of M Core, 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.”
Cited and GCW acted for Sheet Anchor Evolve and Time Retail Partners acted for the vendor.
