M&G offloads Regent Retail Park for £16m 

Real estate private equity firm Henley Investments has bought the 116,000 sq ft retail park from property investment company M&G Real Estate. 

Regent Retail Park, off Regent Road in Salford, is made up of 11 units. Henley acquired the asset for £16m. 

Occupiers include pharmacy Boots, discount supermarket chain Home Bargains, sports retailer Sports Direct and pet shop Pets at Home. Fashion retailer TK Maxx is the site’s anchor tenant, leasing a 22,500 sq ft unit. 

Ian Rickwood, chief executive of Henley Investments, said: “This year will go down as a remarkable year of abnormality as lives and businesses have been turned upside down by Covid.  

“Retail real estate is at the centre of a secular reset, and our plans for Regent Retail Park provide options both for retail recovery and asset enhancement. We continue to look for well-located assets to acquire throughout the UK and Western Europe.” 

Henley and was advised by HampsonWall and Jones Day. 

Edgerley Simpson Howe is the letting agent for Regent Retail Park.

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This is an island of low-rise in an otherwise confident, growing, dense inner-city part of Salford. I imagine they’ll phase the shrinking of the big box and tarmac areas with some mixed-use high density blocks. The former Office World/Staples unit on the corner would be a good candidate to go first

By Prime Real Estate

I seem to remember an outline idea to have housing on the Sainsburys side of site, Might have been 10 years ago….

With the consolidation of retail, the smaller units must be prime candidates for replacement with housing to match the adjacent area, and I am sure even a large sainsburys could be accommodated on the ground floor of a residential development.

By ArchitectureM

I hope they don’t get rid of the Retail Park. It acts as a town centre for people here and city centre residents who drive here.

By Dan

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