Parkgate Shopping has new owners

Parkgate ShoppingParkgate Shopping
Parkgate Shopping
PARKGATE Shopping has been bought by a real estate management organisation for an undisclosed amount.

The 406,000sq ft retail park is among the UK’s top five largest, sitting on a 40-acre site and boasting 2,250 free parking spaces.

It was put up for sale in 2023 by previous owners Capreon, with a guide price of less than half the £175 million they paid in 2015.

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New owners Columbia Threadneedle Real Estate said the addition had taken their retail warehouse portfolio beyond ten million square feet.

A spokesperson added: “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.”

The retail park has more than eight million visitors a year, and anchor tenants include Primark, Currys, Next, Poundland, Wren, Matalan and the Morrisons supermarket.

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