AcquisitionUK Regional
Handforth Dean, Manchester
Acquisition of Handforth Dean Retail Park, South Manchester
Aviva Investors has bought the newly constructed Next Home and Garden flagship store in south Manchester for £15.8m.
The acquisition was made on behalf of Essex County Council and reflects a yield of 5%.
The property represents the first phase of the Handforth Dean Shopping Park, which will feature retail units, cafes and restaurants, a gym and an hotel.
Future phases of the Consolidated Property Group (CPG) development will include a restaurant quarter and a fashion park.
Aviva Investors was advised by Nightingale Partners and Curson Sowerby, while CPG was advised by Savills and JLL.
