Swindon & Wiltshire News
Chippenham’s Borough Parade shopping centre sold
Chippenham’s Borough Parade shopping centre – home to big names including Waitrose and New Look – has been sold for more than £16m.
Development Securities this week announced it had acquired the shopping centre, where units are let to a range of national retailers including Argos, Café Nero and Waterstones over 87,000 square feet.
The shopping centre is believed to have a higher-than-average footfall, typically seeing 55,000 visitors per week.
Matthew Weiner, director of Development Securities, said: “The Chippenham shopping centre complement our existing portfolio of food store-anchored retail schemes and is well-placed to benefit from an improving retail market, being located within an affluent catchment area and offering a mix of strong retail brands.”
Development Securities acquired the property from joint-owners Clearbell Capital and Tristan Capital Partners for £16.3m.
