M Core continues acquisition drive with purchase of Chesterfield retail asset
Sheet Anchor Evolve, part of M Core, has acquired Vicar Lane, an open-air retail destination in Chesterfield, Derbyshire.
Spanning 202,000 sq ft, the asset comprises 34 units let to a mixture of fashion, food, and essential service retailers. It is also supplemented by a 400-space car park.
Tenants at Vicar Lane include JD Sports, H&M, Superdrug, Iceland, River Island, and The Works. The scheme also includes civic space at St James’ Square, which features a 12 metre LED screen, and is adjacent to several regeneration projects such as the Chesterfield Waterside scheme and the future HS2 station.
This follows Sheet Anchor Evolve’s recent acquisition of a 38,000 sq ft retail parade in Wimbledon from London Square.
Danny O’Keefe, founding partner at Sheet Anchor Evolve, said: “Vicar Lane is a well-positioned retail destination in a town with ambition and momentum. 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.”
Cited Property and GCW acted for Sheet Anchor Evolve, whilst Time Retail Partners acted for the vendor.