A historic shopping centre in Stratford-upon-Avon is under new ownership after being sold for £1.85 million.
The Minories, in Henley Street, has been sold to Jewellery Quarter-based Sutton Carter Investments by Leamington Spa commercial property experts ehB Reeves.
The centre comprises nine units, including the Grade II-listed premises housing Edinburgh Woollen Mill, and the El Greco restaurant.
The mixed retail and restaurant complex is expected to generate an annual income of £171,890.
Simon Hain, director of ehB Reeves, said: “This sale protects the immediate future of one of Stratford’s best-known shopping areas and we’re delighted to have secured the deal.
“The properties comprise a mixture of period half-timbered buildings through to modern, contemporary purpose-built retail units.”
“The development is likely to stay in its current format and will hopefully flourish under its new ownership.”
ehB Reeves was formed in 2018 by a merger between Leamington-based companies ehB Commercial and Reeves and Partners.
The firm enjoys a growing management portfolio in excess of £100 million and was ranked as the UK’s best-performing company for disposing of the highest percentage of its property portfolio in the NovaLoca Disposals Report 2020.
