Retail Acquisition

A private client has purchased Stane Retail Park in Colchester from Churchmanor Estates Company for £33.95 million. The retail park, which opened in phases between October 2021 and October 2022, includes 123,637 sq ft of retail space and is anchored by an 80,000 sq ft M&S store. This acquisition represents a significant investment in the retail sector, demonstrating ongoing demand for high-quality retail properties.