M Core acquires Vicar Lane shopping centre
One of the UK’s largest privately held property investment collectives, Sheet Anchor Evolve, part of M Core, has acquired Vicar Lane shopping centre in Chesterfield.
A well-positioned town centre asset
The 202,000 sq ft scheme includes 34 retail units and a 400-space car park. It is home to a strong mix of national and regional occupiers. These include JD Sports, H&M, Iceland, The Works, Deichmann, Waterstones, New Look and Holland & Barrett.
In addition, the site features civic space at St James’ Square, which includes a 12-metre LED screen. It is also located close to key development sites such as Chesterfield Waterside and Revitalising the Heart of Chesterfield
“Vicar Lane is a well-positioned retail destination in a town with ambition and momentum,” said Danny O’Keefe, founding partner at Sheet Anchor Evolve. “As a long-term investor, our strength lies in our ability to invest in places, work closely with tenants and local stakeholders, and use our in-house expertise to unlock value. This is exactly the type of asset we can evolve through intensive management – enhancing its relevance to the community and supporting its role in Chesterfield’s wider regeneration.”
Supporting local growth
This acquisition supports M Core’s strategy of investing in convenience-led retail. It also reflects confidence in Chesterfield’s town centre as a place for sustainable retail and business activity.
“This latest acquisition underlines our focus on assets where we can bring capital, capability and creativity to deliver strong outcomes,” added O’Keefe
For more information about Vicar Lane Chesterfield, visit: www.vicarlaneshoppingcentre.co.uk
Chesterfield town centre investment
The investment follows recent news of improvements to and investment in Chesterfield town centre:
- Next phase of Chesterfield town centre improvements to begin
- Chesterfield’s Crooked Spire named one of the most visited free attractions in the East Midlands
- Luxury interiors company invests in Chesterfield town centre
- New heritage trail will unlock Chesterfield’s past.
- Iconic Chesterfield department store snapped up by developer
