PPR invests in Chelmsford town centre
PPR Estates (PPR) announces the addition of a prime portfolio of shops and offices in Chelmsford to our High Street Investment Fund. The freehold site, comprising over 19,000 sq ft of retail, ancillary commercial and office space includes five prime retail shops at ground floor – Waterstones Bookshop and the locally famous Charles Fish jewellers being the anchor tenants.
Jon Caplan, Managing Director of PPR comments “Chelmsford is a prime commuter town that is doing well, post-Covid. We look forward to working with these new retail and office tenants alongside our existing portfolio. This acquisition, with its high footfall and existing strong income, is a great addition to our High Street Investment Fund.”
PPR own and manage over 60 commercial and retail sites and premises in various High Street locations across Southern England, as well as a significant residential portfolio. We are focused on mixed-use, town centre regeneration to meet the flexible needs of modern society, whilst creating value. PPR has substantial funds available for further acquisitions and investment.