2024-08-22 11:12 CET, UK | Investment Management | Press release
Catella APAM, a leading real estate asset and investment manager, is pleased to announce the successful sale of St Stephen’s Place Leisure Park in Trowbridge on behalf of our client for £11.37 million.
St Stephen’s Place Leisure Park, a premier leisure destination located in the heart of Trowbridge, has been a cornerstone of the town’s entertainment and dining scene. The multi-let complex, which spans approximately 84,000 sq. ft., includes a seven-screen ODEON multiplex cinema, an 80-bed Premier Inn hotel, and a diverse mix of popular restaurants, cafes, and bars. Its central location and variety of offerings make it a key attraction within Trowbridge.
Catella APAM has managed St Stephen’s Place since 2016, during which time we implemented a series of value-add initiatives aimed at enhancing the asset’s appeal and performance. Our strategic management has ensured the continued vibrancy and relevance of the leisure park in an evolving retail and leisure landscape.
“We are thrilled to have facilitated this transaction on behalf of our clients,” said Max Bingham of Catella APAM. “St Stephen’s Place has been a significant asset in our portfolio, and we are proud of the work we’ve done to maintain its status as a top leisure destination. We are confident that the new ownership will continue to build on this success.”
The sale of St Stephen’s Place represents a significant milestone in Catella APAM’s ongoing commitment to delivering exceptional value and results for our clients, as well as the strong demand for well-positioned leisure assets in key regional markets.
About Catella APAM
Catella APAM is an asset investment manager in the UK that provides tailored solutions for every real estate cycle stage across a diverse range of sectors. Catella APAM is a part of Catella Group.