M Core has acquired Tannery Retail Park in Stourport-on-Severn from investor and developer Goold Estates for close to £3m.
M Core asset: Tannery Retail Park
Goold Estates acquired the former Midcounties Co-operative site in 2024, with more than £1m invested in the strip-out, subdivision and comprehensive refurbishment to turn the standalone store into a multi-let retail scheme comprising four units, ranging from 1,859 sq ft to 18,889 sq ft.
The 28,800 sq ft West Midlands scheme is fully let and anchored by retailer B&M. Other tenants include Angling Direct, St Richard’s Hospice Foundation and InStore Pharmacy.
The estate was renamed Tannery Retail Park in recognition of the historic Stourport tannery that occupied the site between 1702 and 1964.
The former Co-op on the site
Anthony Williams, director at Goold Estates, said: “Being local to Stourport, the acquisition and development of Tannery Retail Park was a project of both personal and professional significance.
“We were delighted to attract national retailers to the scheme, creating local jobs and increasing footfall, while also supporting the relocation of InStore Pharmacy into larger, self-contained premises. In addition, we were proud to assist St Richard’s Hospice in opening a modern, large-format store to support its work in the community.”
He added: “The scheme was fully let on completion of the refurbishment, with tenants secured on long-term leases of between 10 and 15 years, reflecting the quality of the location and asset.”
Goold Estates was represented by AP Investment and mfg Solicitors. Osborne Clarke and LSH acted on behalf of Proudreed Real Estate (part of M Core).
Please visit:
Our Sponsor