News

Date-05/2017
Final Letting at Stockley Park
Chester Properties and CarVal Investors have exchanged contracts on a ten-year lease on the whole ground floor of 3...
Date-01/2016
CarVal/Chester bag Stockley Park brace
CarVal Investors and operating partner Chester Properties have secured a brace of occupier deals at Stockley Park at...
Date-10/2015
Clyde Retail Park Fully Let
Chester Properties as Joint Venture partners in the Motherwell Investment Fund LP have let Unit 4 at Clyde Retail Park to...
Date-09/2015
All systems go for CarVal at Stockley as Kuehne + Nagel takes UK HQ
CarVal Investors and operating partner Chester Properties signed Kuehne + Nagel for its relocated UK head office at 1...

CASE STUDY - Vicarage Field Shopping Centre, Barking

 

Joint venture between Schroders (Gresham Property Partners) and Chester Properties Second Investment Partnership
• Purchased in 2004 for £40.6 million
• Chester arranged debt with Royal Bank of Scotland
• 1990s shopping centre. 144,000 sq ft of retail space in 52 units, an Asda supermarket and 550 space car park.
• New lettings achieved to tenants including Game, Card Factory, Orange, Phones 4 U, Stationery Box, Poundland and Asda.
• Prime Zone A rents increased from £60 to £80 per sq ft
• Car Park income doubled
• Planning consent obtained for a 25,000 sq ft extension
• Sold to Lagmar Properties Ltd for £74 million in September 2006.