Golden Square Shopping Centre Sells For 141 Million Pounds

Posted: 02/07/2014

Golden Square shopping centre located in Warrington has just been purchased by LaSalle Investment Management for a massive £141 million. It is estimated that on average Golden Square has a footfall of more than twelve million a year and the centre also include the town’s largest and main car parking facility with more than 1,700 spaces and contains a bus station.

The huge centre which holds a 115,000 square foot Debenhams store was previously owned by Warrington Retail Limited Partnership, the shared venture of Legal & General and Lend Lease.

The huge 712,000 square foot building contains 133 units, some which are occupied by the likes of Primark, New Look, Topshop, TK Maxx, River Island, Boots, H&M, Next and many more.

In 2007 a 365,000 square foot extension was completed on the building costing Lend Lease £120 million.

LaSalle Investment Management’s European director, Julian Agnew, has commented “The acquisition of Golden Square, Warrington, highlights our client's strategy to invest in dominant, high quality assets with a strong occupational line up and good footfall.”

Kirsty Rogers, Pali Ltd

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(1) Comments Golden Square, Shopping centre, Warrington

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