Greyhound Retail Park, Chester, UK
Gatehouse Financial Group, incorporating Gatehouse Bank in London, has arranged the acquisition of Greyhound Retail Park Phase II in Chester from Landsec in a corporate transaction.
The c.176,000 sq ft park is fully let to 12 tenants, including John Lewis and Asda and forms the dominant element of the 800,000 sq ft regional retail offer at Sealand Road, around two miles to the west of the city centre. The critical mass of retail and excellent accessibility of the location supports a strong trading profile for the retailers, whilst there are proposals for significant residential development on sites adjacent, in conjunction with improvements to the existing road network.
Landsec were advised by Cushman & Wakefield and Westmount Real Estate and Staunton Whiteman provided sector specialist advice on the transaction.