In a notable development in the commercial property sector, Wilmslow-based Re:volve Real Estate has secured a significant portfolio management deal with Manchester-based Consolidated Property Group. The agreement covers 252,000 sq ft of prime retail space across Chester, Macclesfield, and Sheffield.
The portfolio includes Chester Retail Park, a 152,000 sq ft site on a 14-acre freehold along Old Seals Way. This retail destination hosts a strong tenant lineup, featuring B&M, Tenpin, The Range, McDonald’s, Burger King, and TK Maxx. Recently, Jolleys and Age UK have also taken leases at the site.
In Macclesfield, Re:volve will manage the Silkworks development, a 60,000 sq ft retail area on Pickford Street. Key occupiers here include DW Sports, Sports Direct, and Fever Bar Group.
Completing the portfolio is Crystal Peak in Sheffield, a 40,000 sq ft retail hub on Peaks Mount. This location boasts major tenants such as Argos, B&M, Boots, EE, McDonald’s, and Pure Gym, reinforcing its status as a prime shopping destination.
Re:volve Real Estate’s mandate focuses on maximising asset value, enhancing operational efficiency, and strategically positioning the properties for growth. The firm has already initiated measures to optimise operational costs and boost asset value across the portfolio. This acquisition enhances Re:volve Real Estate’s client roster, which now exceeds 35 clients and assets totalling more than £400m.
Stuart Dawson, Managing Director at Consolidated Property Group, stated: A1 retail parks are fast establishing themselves as important retail hubs. We’re focused on improving occupier satisfaction and attracting top retailers. Finding a property management company that can add value to our site and meet market demands was key. He further noted: The Re:volve team impressed us with their practical approach and we’re optimistic about the development of this asset.
Anna Main, Managing Director at Re:volve Real Estate, elaborated on the company’s strategy: We’re implementing targeted upgrades to streamline operations and enhance each site’s appeal and profitability. She explained that the approach involves active engagement with occupiers, strategic investments in key areas, focused efforts on occupier satisfaction, proactive park management, and contract optimisation. Main added, We’re also committed to overall aesthetic and functional improvements across all properties.
She concluded: This partnership with Consolidated Property Group presents an exciting opportunity to demonstrate our value-add capabilities in the retail park sector. We’re confident that our tailored approach will not only meet but exceed the expectations of both our client and the park’s occupiers.
This strategic partnership between Re:volve Real Estate and Consolidated Property Group highlights the evolving landscape of retail park management, with a strong focus on enhancing operational efficiency and tenant satisfaction.