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News Release

Manchester

Jones Lang LaSalle appointed to managed Market Walk Shopping Centre in Chorley


Manchester, 25th May 2011 – Orchard Street UK Special Situations Fund, the new owner of Market Walk in Chorley, Lancashire has appointed Jones Lang LaSalle to manage the shopping centre. This instruction means that Jones Lang LaSalle’s Shopping Centre Management team has taken on the property management role for the 103,000 sq ft scheme which is located on Market Walk in the centre of the town and is fully let to let to 33 tenants including Boots, New Look, Poundland and Iceland.
 
Susannah Jeffs, head of Jones Lang LaSalle’s Shopping Centre Management team in the North, said: “Market Walk provides a secure rental income from the main anchor tenants and it also offers a number of opportunities for its new owners to add value going forward.  We will be working closely with Orchard Street Investment Management as they actively manage this property.”
 
Orchard Street UK Special Situations Fund acquired Market Walk in April 2011 from RREEF UK Retail Property.
 
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