Investment firm announces acquisition of Hull retail park in multi-million pound deal
A Hull retail park that is home to a food brand has been sold in a multi-million pound deal.
Orchard Park, in Hull, has been acquired by property firm Moanam Gaelic Investments from Chantler Investments.
The park, which was built in 2015, is made up of 11 ground floor retail units, and is fully let to Heron Foods and Kingston upon Hull Council, with occupiers such as McColl, Copelands and Dove House.
Chantler Investments was advised on the multi-million pound sale by JMW Solicitors.
Thomas Pearson, partner at JMW Solicitors, said: “Orchard Park is a development I’ve been involved with since its initial acquisition, so we were very pleased to be able to advise on this latest deal - it’s a popular retail scheme that has become a key resource for the local community, particularly during the last year, and sees consistently strong footfall.
“With two long-term, low-risk leases it presented a strong investment opportunity.”
Edward Chantler, CEO of Chantler Investments, said: “The timing was right for us to dispose of Orchard Park to continue focusing on the industrial and logistics sector. Thanks to JMW Solicitors and M1 Agents who did a fantastic job all round.”
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