Greyhound retail park on Sealand Road sold for £36m

Chester’s Greyhound Retail on Sealand Road has been sold by Standard Life Investments for a reported £36m to a real estate investment company Aprirose.

Tenants of the fully let 120,000 sq ft ‘out-of-town’ park include Dunelm, Oak Furniture Land, Next and Boots,

Gary Jones, chief operating officer at Aprirose, told Insider Media: “The Greyhound Retail Park is a great asset to add to our expanding portfolio. It offers a variety of prime brands and the potential to further develop the asset with a food offer.

“This is our fifth transaction since the EU referendum as we continue to look for investment opportunities across all asset classes in a time of uncertainty for the property market.

“The Greyhound Retail Park is a prime investment opportunity which further fits with our strategy of buying high-quality assets to add to our diverse £1bn portfolio. It also marks the second successful deal in our relationship with Standard Life Investments.”