M-Core snaps up Stourport retail park for £3m

Investment firm Goold Estates has sold-off Tannery Retail Park, following a £1m revamp of the North Worcestershire site.

The 2.1-acre Stourport-on-Severn development, a fully let scheme spanning 28,800 sq ft and occupying a prominent corner plot at Tan Lane and Lombard Street, is anchored by discount retailer B&M, alongside tenants including Angling Direct, St Richard’s Hospice Foundation and InStore Pharmacy.

The firm acquired the former Midcounties Co-operative site in 2024 and invested more than £1 million into transforming the property. Works included stripping out the existing building, subdividing the space and carrying out a comprehensive refurbishment to create a modern, multi-tenant retail destination.

The revamped scheme now comprises four units ranging from 1,859 sq ft to 18,889 sq ft. Improvements include new shopfronts and signage, LED lighting and the addition of a bike shelter.

Anthony Williams, Director at Goold Estates, said: “Being local to Stourport, the acquisition and development of Tannery Retail Park was a project of both personal and professional significance.

“We were delighted to attract national retailers to the scheme, creating local jobs and increasing footfall, while also supporting the relocation of InStore Pharmacy into larger, self-contained premises. In addition, we were proud to assist St Richard’s Hospice in opening a modern, large-format store to support its work in the community.

“The scheme was fully let on completion of the refurbishment, with tenants secured on long-term leases of between 10 and 15 years, reflecting the quality of the location and asset.

“We are pleased to have sold the estate to M Core, whose experience and expertise make them well placed to build on its success.”

Goold Estates was represented by AP Investment and mfg Solicitors. Osborne Clarke and LSH acted on behalf of Proudreed Real Estate Ltd.