Case Studies > Retail >

ASDA, Altrincham

A former garment manufacturing and distribution facility of 230,000 sq ft on 6 acres on Atlantic Street, Altrincham was acquired by Alliance.

Trafford Metropolitan Borough Council subsequently granted planning consent for a 70,000 sq ft supermarket.  Alliance were aware of potential demand from operators and were able to secure a pre-let to ASDA Stores Limited at a rent in excess of £1m pa.  Prior to construction commencing Alliance pre-sold the investment to Clerical Medical Investment Group Limited advised by Aberdeen Asset Management PLC for a figure in excess of £21m.