The Agora Fund, the joint venture between Warner and Bank of Scotland, already owns seven other shopping centers in the Northwest, including the adjacent Pyramids Shopping Centre in Birkenhead. The aim is to merge the two centers and create a significant retail presence.
Warner Estates executives believe that with active asset management the two combined centers offer significant scope for rental income growth. Following Warner Estates' recent announcement of a joint-venture with private property-development specialist Bride Hall, it claims to have the enhanced skills and experience to unlock the development potential of the enlarged scheme.
The Grange was sold by Performance Shopping Centres LP.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
