L&G has disposed of a 319,048 sq ft shopping centre to Evolve Estates, a part of M Core Group.
The two-storey Grosvenor Shopping Northampton centre was refurbished in 2015 and is a home to Primark, Boots, Next, Superdry and River Island, alongside other retailers. It will be the largest retail centre in the UK to come under Evolve Estates ownership.
Evolve Estates founding partner Joe O’Keefe said: “We’re already in discussion with numerous tenants who will complement the scheme and the wider Northampton town centre offer.
“There are more than £25m of government-backed development projects immediately surrounding the centre on three separate sites, with Market Square, Greyfriars and the Abington Quarter, plus the Clock House key worker residential scheme. These will provide significant opportunities for us and the town to grow and fulfil its potential.”
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