Real estate investor adds 315,000 sq ft of retail parks to portfolio

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Columbia Threadneedle Real Estate, the real estate investment and asset management specialist of Columbia Threadneedle Investments, has acquired Phase 2 and 3 of Merry Hill Retail Park in Brierley Hill and Phoenix Retail Park in Corby on behalf of separate client funds for undisclosed sums.

These recent acquisitions follow the purchase of Parkgate Shopping Park in Yorkshire earlier this year and reinforce Columbia Threadneedle Real Estate’s position as one of the largest retail park owners in the UK.

Phases 2 and 3 of Merry Hill Retail Park comprise a combined circa 197,000 square feet of retail warehouse and restaurant space on a site that extends to almost 15 acres with approximately 600 free parking spaces. Anchor tenants include The Range, Currys, Wren Kitchens, DFS and Pets at Home trading from a range of retail formats from 1,900 square feet to circa 52,000 square feet.

Phoenix Retail Park is the dominant retail park in Corby, offering 118,200 sq ft of retail warehouse accommodation with anchor tenants including M&S Foodhall, Matalan, The Range, Currys, Next and The Food Warehouse.

Its occupier mix is complementary to the demographics of the local catchment with a focus on food, discount and convenience-led retailing. It adjoins a

 link source - East Midlands Business Link - Property

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