A shopping centre in the Wiltshire town of Chippenham has been acquired by property investment firm Acorn for an undisclosed sum. The off-market deal for Emery Gate is Acorn's largest commercial investment to date.
The 90,000 sq ft undercover centre and former Woolworths building is home to many well-known national brands such as Tesco, Costa, Poundland and Sports Direct, as well as a range of independent retailers.
Emery Gate is almost fully occupied at rebased rents with a vacancy rate of just 5% - compared to the national average of 19%. Acorn said the centre had "tremendous potential" for further commercial development.
