A property firm based in Wilmslow has secured a major portfolio management deal with a company headquartered in Manchester, cementing its influence in the commercial property sector.
Spanning a total of 252,000 square feet, the new portfolio comprises prime retail spaces located in Chester, Macclesfield, and Sheffield. Among these, the Chester Retail Park is particularly noteworthy, covering 152,000 square feet on a 14-acre freehold site along Old Seals Way. This well-known retail destination is home to high-profile occupants such as B&M, Tenpin, The Range, McDonald’s, Burger King, and TK Maxx. Recently, Jolleys and Age UK have also taken up leases at this site.
In Macclesfield, the management firm will oversee the Silkworks development, a 60,000 square foot retail space situated on Pickford Street. Here, key occupiers include DW Sports, Sports Direct, and Fever Bar Group. The third retail property, Crystal Peak in Sheffield, is a 40,000 square foot retail hub on Peaks Mount. It hosts major tenants like Argos, B&M, Boots, EE, McDonald’s, and Pure Gym, establishing itself as a prime shopping destination.
The firm’s mandate for these properties focuses on maximising asset value, enhancing operational efficiency, and strategic growth positioning. Measures have already been initiated to optimise operational costs and boost asset value. The new acquisition enhances the firm’s existing client roster, which now exceeds 35 clients with assets totalling more than £400 million.
Stuart Dawson, Managing Director at the Manchester-based company, commented: “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 added, “The team impressed us with their practical approach and we’re optimistic about the development of this asset.”
Anna Main, Managing Director at the Wilmslow firm, outlined the company’s strategy: “We’re implementing targeted upgrades to streamline operations and enhance each site’s appeal and profitability. Our approach involves active engagement with occupiers, strategic investments in key areas, focused efforts on occupier satisfaction, proactive park management, and contract optimisation. We’re also committed to overall aesthetic and functional improvements across all properties.”
Main also mentioned: “This partnership 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 significant deal accentuates the firm’s growing influence in the commercial property market. With targeted strategies and a focus on value addition, the firm’s approach promises to elevate the retail park sector’s standards.