Catella APAM offloads Trowbridge leisure park for £11.4m

Catella APAM has announced the sale of St Stephen’s Place Leisure Park in Trowbridge on behalf of a private client for £11.37m.

The multi-let complex sits in the heart of the Wiltshire town and spans approximately 84,000 sq ft. The asset includes a seven-screen ODEON cinema, an 80-bed Premier Inn hotel, and a mixture of restaurants, cafés, and bars.

Catella APAM has managed St Stephen’s Place since 2016, and since then has implemented a series of value-add initiatives aimed at enhancing the asset’s appeal and performance. The real estate asset and investment manager said its strategic management has ensured the leisure park’s continued vibrancy and relevance in an evolving retail and leisure landscape.

Max Bingham, analyst at Catella APAM, said: “We are thrilled to have facilitated this transaction on behalf of our clients.

“St Stephen’s Place has been a significant asset in our portfolio, and we are proud of the work we’ve done to maintain its status as a top leisure destination. We are confident that the new ownership will continue to build on this success.”