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Grosvenor Shopping Northampton acquired by Evolve Estates

Grosvenor Shopping Northampton is now under new ownership after being purchased by Evolve Estates. Part of the M Core group, Evolve has acquired the 319,048 square foot… View Article

UK HIGH STREET NEWS

Grosvenor Shopping Northampton acquired by Evolve Estates

Grosvenor Shopping Northampton is now under new ownership after being purchased by Evolve Estates.

Part of the M Core group, Evolve has acquired the 319,048 square foot retail, leisure and events destination from L&G for an undisclosed sum.

Joe O’Keefe, a founding partner of Evolve Estates, said: “We are pleased to have completed this acquisition in an incredibly challenging market, cementing our commitment to continued investment in the retail sector.

“This is one of the largest retail centres to come under our ownership and we’re excited to get to work. We’re already in discussion with numerous tenants who will complement the scheme and the wider Northampton town centre offer.”

The two-storey shopping centre was refurbished in 2015 and is anchored by Primark, Boots and Next. Other national retailers with a presence at the scheme include Office, Superdry, Lush, Pandora, Smiggle, Deichmann Shoes and River Island.

Evolve Estates has a UK-wide portfolio over more than two million square metres and a value of about £340 million.

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