Property adviser, Christie & Co, has been instructed to sell The Trentham Estate on behalf of St. Modwen.
The leisure-based retail outlet and garden centre attraction is located between Greater Manchester and Birmingham, approximately 1.75 miles from junction 15 of the M6. Around 3.25m visitors (including over 760,000 paying visitors) visit Trentham each year, placing the estate in the top five paid-for garden attractions in the UK.
Trentham’s business is underpinned by the significant property investment business which incorporates 85 third-party leasehold occupiers predominantly located in the Outlook Shopping Village, as well as restaurants and a Blue Diamond Garden Centre, which is currently on a 35-year lease. Trentham also features a Monkey Forest attraction, a Treetop Adventure course and water sports centre.
St. Modwen CEO Sarwjit Sambhi said: “We are proud of the investment and commitment we have made to The Trentham Estate over many years, bringing the gardens back to life and creating a highly popular shopping and leisure destination. Over recent years, St. Modwen has focused on the core areas of housebuilding and developing logistics property and last year confirmed plans to sell Trentham. We are now targeting an organisation or individual that can continue to invest in the business and act as custodian to support its ongoing success.”
Jon Patrick, head of leisure and development at Christie & Co, who is overseeing the sale process, added: “Having one of the busiest garden centres in the country, a vacancy rate of only 2% in the Outlet Shopping Village and an easily accessible location with 7.5 million people living within an hours’ drive-time, mark Trentham out as one of the most exciting assignments we’ve worked on in recent years.”