Trafford Retail Park 1
The sale does not include the recently completed Aldi and Starbucks. Credit: Google Earth

Abrdn acquires Trafford Retail Park for £35m 

Dan Whelan

Peel L&P has sold the 143,000 sq ft complex, which is let to occupiers including B&M, Dunelm and Boots. 

Abrdn’s £35m acquisition of Trafford Retail Park includes 14 units let to retailers and food and beverage operators.

The sale does not include the recently opened Aldi supermarket and Starbucks drive-thru south of Neary Way, or land earmarked for future development. 

Peel L&P has retained the future development land, which has outline consent for an additional 62,000 sq ft of retail space. 

Azko Nobel pension fund owns the Aldi and Starbucks. 

Elsewhere on the retail park, burger chain Five Guys is to take over the 2,000 sq ft former Carphone Warehouse unit. 

Savills and Cushman & Wakefield are the joint lettings agents for Trafford Retail Park. 

Trafford Retail Park is located off Barton Road on the opposite side of the M60 to the Trafford Centre, which was developed by Peel L&P. 

Peel sold the Trafford Centre for £1.6bn in 2011 to Capital Shopping Centres but bought back into the asset earlier this year with the acquisition of Barton Square.

Abrdn was contacted for comment and Peel L&P declined to comment. 

Update: More details on the deal have since been unveiled. Read the latest.

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What needs to be looked at is a new way in and out before someone gets killed trying to cross these roads, how about traffic lights? As there will be more traffic going in with another burger place right opposite McD burger place!! Just what we need

By Maureen Dickinson