St Georges Retail Park Acquired by Orchard Street Impact Fund
Deal News | Feb 27, 2025 | Orchard Street Investment Mana
Orchard Street Investment Management has acquired St Georges Retail Park in Leicester on behalf of its Impact Fund. The 193,000 sq. ft. retail park, located just half a mile from Leicester City Centre, comprises 16 units with prominent tenants like Home Bargains, Aldi, and Costa Coffee. Currently fully-let, the retail park presents opportunities for Orchard Street to enhance tenant mix and environmentally revamp the property. The planned enhancements align with the Fund’s goals of generating social and environmental benefits through property decarbonization, investment in local communities, and promoting well-being. Significant refurbishments are planned, aiming to improve energy efficiency ratings and install solar and electric vehicle infrastructure. This acquisition reflects the Fund’s strategy of pursuing real estate investments that offer measurable environmental and social impacts, following its previous acquisition of two South-East industrial estates.
Sectors
- Real Estate
- Sustainable Investment
Geography
- United Kingdom – The acquired property is located in Leicester, which is in the UK.
- Leicester – The specific location of the St Georges Retail Park is mentioned as being near Leicester City Centre.
Industry
- Real Estate – The article discusses an acquisition within the real estate sector, specifically focusing on a retail property investment.
- Sustainable Investment – The acquisition is driven by a fund focused on environmental and social impact, emphasizing sustainability in real estate.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Orchard Street Investment Management | Bidding Company/Buyer | Company | A real estate investment manager acquiring the retail park for its Impact Fund. |
| St Georges Retail Park | Target Company | Company | The retail park acquired by Orchard Street, consisting of 16 units and located in Leicester. |
| Tritax Big Box | Selling Company/Vendor | Company | The previous owner of St Georges Retail Park. |
| Barney Rowe | Portfolio Manager | Person | Portfolio Manager of the Impact Fund at Orchard Street. |