PPR invests in Chichester City Centre
PPR Estates (PPR) confirms the addition of a prime portfolio of stores and offices in Chichester East Gate to our High Street Investment Fund. The site, comprising 5 retail shops (including a Co-op supermarket and Cotswold Outdoor Store), over 12,000sq ft of occupied offices and substantial underground parking represents an anchor investment in Chichester town centre.
Jon Caplan, Managing Director of PPR comments “We see significant value in Chichester and look forward to working with these new retail and office tenants, alongside our existing portfolio. This acquisition, with it’s high footfall and existing strong income is a great addition to our High Street Investment Fund.”
PPR has considerable further funds to invest in similar town centre site acquisitions this year and beyond. Known for our discrete and fast acquisition processes – we are particularly interested in acquiring mixed-use, town centre assets that meet our sustainable, value creation mission. You can view some of our other recent acquisitions here in Guildford, Norwich and Winchester.