Entirely North West

MANCHESTER PROPERTY NEWS


MCR Property Group purchases shopping centre


Manchester based MCR Property Group has announced the purchase of The Wheatsheaf Shopping Centre in Rochdale.



 MCR Property Group purchases shopping centre

Manchester based MCR Property Group has announced the purchase of The Wheatsheaf Shopping Centre in Rochdale.

The shopping centre, which opened in 1990, provides 163,000 sq ft of retail space and will adjoin the new £100 million Rochdale Riverside Shopping Centre and Leisure Scheme.

The acquisition for an undisclosed sum, follows extensive refurbishment of the front entrance, a remodelling that provides direct access from the heart of the new Riverside Shopping Centre.

The Wheatsheaf Shopping Centre is central to Rochdale’s renaissance, and has well established retail occupants such as Wilko, Argos, Select and Peacocks.

"The purchase of the shopping centre comes ahead of a significant shift in the retail landscape within Rochdale Town Centre."
Chris Taylor



Chris Taylor, Asset Manager for MCR Property Group commented: “The purchase of the shopping centre comes ahead of a significant shift in the retail landscape within Rochdale Town Centre. The new Riverside Shopping Centre will be developed in partnership with Rochdale Council, and is forecast to start trading in spring 2019.  The Riverside scheme will boast national brands including M&S and Next, with Reel Cinemas also committed for the leisure element.”

MCR Property Group has appointed specialist retail and leisure experts, Hynes Illingworth, alongside Richard Lucas Property Consultants as joint advisors.

Andrew Hynes co-owner at Hynes Illingworth said: “The shopping centre provides a primary covered shopping environment in the heart of Rochdale Town Centre. The scheme is well anchored, provides dedicated on-site parking and has excellent public transport links via the new Metro and Bus Transport Interchange.

“Following the purchase by MCR Property Group, we are now in a position where we can offer competitive terms to secure key target retailers.”

Chris Taylor added “We are in discussions with a number of exciting retail and leisure operators that will bring the community into town”




DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.





Get The Entirely Weekly Brief In Your Inbox



CRE Property & Construction Consultants


CRE are a team of Chartered Building Surveyors and Project Management Consultants that operate across the United Kingdom. CRE offers customers a new and refreshing approach to commercial property and project advisory services.






Sovini Group

housing


The Sovini Group comprises both not-for-profit, and commercial enterprises, and its purpose is to bring together complementary organisations which have similar values and aspirations in both the not-for-profit and commercial sectors.






One Vision Housing

Housing association


One Vision Housing is a Registered Provider of Social Housing with approximately 13,000 homes across Sefton, Liverpool and Wirral.We were formed in October 2006, following a successful stock transfer from Sefton Council and are a not-for-profit organisation, regulated by the Homes and Communities Agency.One Vision Housing is part of the Sovini Group which was formed in December 2011.






Pine Court Housing Association

Housing Association


Pine Court Housing Association is a registered social landlord providing over 450 quality affordable homes in Liverpool and Wirral.Formed in 1986, Pine Court Housing was originally established to provide quality homes and housing services for those in need, with a specific focus on the Chinese and South East Asian communities.






Redwing Living

Property business


Redwing Living offers private rented properties, shared ownership, sales and leasehold and apartment block management. Established for over 50 years, we manage over 2,000 homes and retirement properties across the North West.






RECOMMENDED FOR YOU ON ENTIRELY PROPERTY





































Get The Entirely Weekly Brief In Your Inbox