Property investment firm acquires over 85,000 sq ft of retail and office space

Property investment firm acquires over 85,000 sq ft of retail and office space

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Property investment firm Evolve Estates has acquired 76,095 sq ft of retail space and 8,909 sq ft of office accommodation.

Evolve Estates, a subsidiary of M Cole has purchased Madford Retail Park in Stafford, which is fully let with tenants, including Wickes, DSG (Currys), Lidl, Jollyes (Pet Superstore), and several local businesses.

The property firm has purchased the mixed-use asset for an undisclosed amount, continuing its active acquisition strategy in shopping parades, centres, and retail parks nationwide.

Joe O’keefe, co-founder at Evolve Estates said: “Madford retail park is yet another asset aligned with the company’s growth plans and a great addition to our midland’s portfolio. As we continue to strategically focus on targeting convenience-led, parks, centres, offices and parades. This acquisition maintains our commitment to supporting local communities throughout the whole of the UK.”

Evolve was represented by Suzie Lisle of CBRE and Andrew Cooper at Clarke Willmott.

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