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Borough Parade in Chippenham

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.