JLL has been instructed to sell a 50% stake in The Arndale Shopping Centre in Manchester on behalf of the former INTU RCF Investors.
The shopping centre comprises 1.96m sq ft of space with key tenants including Apple, Next, Boots, JD Sports and Zara. Over the past 24 months existing and new tenants have invested significant capital into upgraded and new stores demonstrating their commitment to this leading centre located in the UKs second city (based on retail footprint).
A spokesperson for the investors said: “We are delighted to confirm we are working with JLL to commence the marketing process of the Arndale this week, providing investors an opportunity to purchase a 50% stake in this super prime city centre asset that has not been available since it last sold in 2005.”
