The Agora Fund, the joint venture between Warner and Bank ofScotland, already owns seven other shopping centers in theNorthwest, including the adjacent Pyramids Shopping Centre inBirkenhead. The aim is to merge the two centers and create asignificant retail presence.
Warner Estates executives believe that with active assetmanagement the two combined centers offer significant scope forrental income growth. Following Warner Estates' recent announcementof a joint-venture with private property-development specialistBride Hall, it claims to have the enhanced skills and experience tounlock the development potential of the enlarged scheme.
The Grange was sold by Performance Shopping Centres LP.
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