Cheshire Oaks Designer Outlet and Swindon Designer Outlet sold for £600 million
Cheshire Oaks and Swindon Designer Outlets have been sold to real estate investment management firm LaSalle Investment Management for £600 million.
The deal was reportedly struck with real estate investment management firm LaSalle Investment Management, a subsidiary of JLL. LeSalle beat Bluewater owner Landsec to seal the deal, with Cheshire Oaks understood to make up the bulk of the purchase price.
The sale represents one of the biggest commercial property deals in recent years.
Cheshire Oaks is the UK's largest designer outlet village at 400,000 sq ft. while Swindon Designer Outlet has claimed to be one of the largest covered designer outlets in Europe. Both are managed by the McArthurGlen Group.
In 2020 the MacArthurGlen Group piloted two new digital schemes at Cheshire Oaks - a hands-free shopping service and and a By Appointment app that allowed customers to book times to shop in participating brands.