Orchard Street acquires £37.5m Rugby retail park
Orchard Street Investment Management has acquired Junction One Retail Park in Rugby for a fee in the region of £37.5m.
Located at Junction 1 of the M6, the scheme spans 204,000 sq ft across 19.9 acres. The retail park is home to a number of national retailers, including anchor tenants B&M and The Range, as well as drive-through restaurants.
The scheme was purchased on behalf of Orchard Street’s recently launched UK Decarbonisation Impact Fund. Orchard Street said the fund has a decarbonisation-led asset management strategy and the recent acquisitions all present opportunities to reduce occupier costs and deliver future-proofed assets.
The retail park was acquired as part of a three-asset portfolio which also included two industrial estates in the south east of England. In a separate transaction, Orchard Street acquired an industrial estate in Feltham. In total, the fund deployed £200m across the acquisitions.
Tom Chadwick, partner at Orchard Street said: “The pace of deployment is a strong endorsement of our strategy and sourcing capability having completed £200m of high-quality acquisitions since fund launch in the summer, most of which were off market. 2025 was an exceptionally busy and successful year for Orchard Street as we have also brought on board two new clients with c.£650m of assets bringing our total assets under management to around £2bn. Orchard Street remains acquisitive and we are excited to capitalise on this momentum into 2026.”