CHESTER BUYS CLYDE RETAIL PARK FOR £19.1M

Chester Properties Investment Partnership in joint venture with Columbus UK Real Estate Fund have completed the purchase of the Clyde Retail Park in Clyde Bank. The centre provides just under 150,000 sq ft of open A1 retail floor space in 11 units let to TK Maxx, Sports Direct, Halfords, Bedshed, B&M, Matalan, Next, Blockbuster, Dreams, Go Outdoors and KFC. This is a popular and prominent retailing location and the park has a number of opportunities for development and improvement.

CHESTER SECURES 10 OUTLET RETAIL LETTINGS IN 10 WEEKS OF 2012

Chester have let over 20,000 sq ft of space in 10 units at its Festival Park Outlet scheme, Mid South Wales, and at Springfields outlet in Lincolnshire it manages on behalf of UBS Triton Property Fund. Three stores open their first in Wales at Festival Park, Dickies Workwear, The Craft Outlet and Anna Rose ladies wear.

CarVal Investors and Chester Properties announce the acquisition of three more office properties in Stockley Park

London, 11 July 2012 – CarVal Investors has just completed the acquisition of 1, 3 and 5 Roundwood Avenue in Stockley Park from the Universities Superannuation Scheme (USS).

The properties occupy a prominent position close to the Park’s main entrance and have a total of ca. 119,400 sq ft N/A and 371 parking spaces. Each office building has large open plan floor plates arranged over ground and first floors. The properties are wholly leased, with relatively short remaining terms.

Carval and Chester commented: “This acquisition reinforces our presence at Stockley Park after the purchase of 2 Longwalk a few months ago. Space vacated in the future will be comprehensively refurbished to Grade A standard to meet future demand in what is becoming a tight market for well located high quality space.”

CHESTER PURCHASES 49,000 SQ FT OFFICE BUILDING FOR CARVAL

Chester have purchased for CarVal Investors 2 Longwalk,Stockley Park 49,000 sq ft empty office building. Approximately £1m will be spent on a refurbishment bringing the accommodation to grade A standard and the building will be let. Chester are Development Managers and Joint Venture partners.

Chester Properties secure Costa Coffee at Festival Park

London, 08 Jan 2013 – Festival Park, have secured the UK’s favourite coffee shop brand Costa Coffee, as a major part of improving the catering offer at the scheme.

Costa has taken a 15 year lease on a 1,400 sq ft unit at the centre, and will have exclusive use of a spectacular new decking area overlooking the schemes outdoor leisure facilities. Work has commenced on the unit which is due to open for Easter this year.

Festival Park is Wales’ original outlet centre, one of only two in Wales, comprising of over 40 units. Brands include Marks & Spencer, Gap, Nike, Clarks, Hallmark, Thornton’s and Sports Direct.

Ian Sanderson, Director of Outlets at Chester said, “The improvement of the centre over the last 3 years has seen turnover lift by over 29%, achieved by managing 75% of the retail space and improving many aspects of the visitor experience. The catering now requires attention and we are delighted to welcome Costa to the centre as part of the strategy. The newly created unit will offer the latest Costa Coffee shop fit and customer experience, with the added benefit of a spectacular elevated terrace.

We hope to announce other major lettings imminently which will continue to enhance Festival Park as the regions premier outdoor leisure and Outlet destination”.

Both of Chester’s Outlets, Festival Park and Springfields in Lincolnshire (Chester run for UBS Triton) were 100% let in the run up to Christmas, and both have extensive Outdoor leisure attractions to assist in driving footfall.

Knight Frank acted for Chester and Savills acted for Costa.

Knight Frank and CHD Property are joint agents on the scheme.

For further information please contact Gareth Thomas at Festival Park on
01495 350 010 or email This email address is being protected from spambots. You need JavaScript enabled to view it.