Peel Retail Parks

What Peel Retail Parks does

Peel Retail Parks is the operating brand of Peel Retail and Leisure Group UK Limited, a UK private real estate business wholly owned within the Peel Land and Property (Peel L&P) group. The company owns and manages seven out-of-town retail parks across the UK — Barnsley, Straiton (Edinburgh), Gloucester (Quays), Hyndburn (Blackburn), Stockport, Washington and Yeovil — representing more than 2 million sq ft of lettable retail space and £291m of retail and leisure assets under management. It is self-described as the initiator of the UK retail park concept with 30+ years of operating heritage, and its parks are sited directly on strategic UK traffic routes (M1, M60, M65, A1(M), A720 Edinburgh Bypass, A30) with catchment populations up to c.1.1 million.

The core product is physical out-of-town retail space, leased on long-term contracts to national and regional retail tenants across fashion, home, food and grocery, F&B and leisure categories. The company curates a diversified tenant mix (e.g., Next, M&S, Aldi, Lidl, B&M, JD Gyms, Starbucks, Tim Hortons, Wren, Loaf) and pursues ongoing capital investment in refurbishment, mezzanine extensions and sub-developments such as the 25,500 sq ft Terrace at Straiton. There is no proprietary technology stack disclosed; operations are run by an in-house team of development, asset and property managers (Bruce Edmondson, Roger Wheeldon, Adam Jolley, Julian Wilkinson, Mark Whittaker, Leah Taylor, Siobhan Ellis) supported by external letting agents (Savills, CBRE, Curson Sowerby Partners, Pudney Shuttleworth, Wright Buchanan, Avison Young).

Revenue is generated through three streams: (1) recurring rental income from multi-year commercial leases (e.g., a disclosed 10-year Superdrug lease at £126,000 per annum on a 6,000 sq ft unit at Corby, with periodic rent reviews), (2) ancillary parking income from tariffs at parks such as Stockport (up to £8 for 6-8 hours, free after 5pm weekdays and all day Sunday) and Gloucester (two-hour maximum stay from March 2020), and (3) asset management fees and capital gains on disposal — exemplified by the pre-sale of Phase 2 of Trafford Retail Park to Akzo Nobel Cif Nominees Limited in 2020. Distribution to occupiers is direct landlord-led enterprise leasing combined with appointed letting agents as channel partners, while the parks themselves serve as the physical consumer-facing distribution points to catchment shoppers (portfolio footfall c.24 million visits/year as of 2019).

Name

Peel Retail Parks

Legal name

Peel Retail and Leisure Group UK Limited

Website

https://peelretailparks.co.uk

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Peel Retail Parks is the UK retail-real-estate arm of Peel L&P, owning and managing seven out-of-town retail parks (2+ million sq ft, £291m AUM) leased to national multi-site retailers across fashion, home, F&B and leisure.

Ownership category

akta.pro rank

Product category

Commercial Real Estate — Retail Park Management

NAICS

Nature Parks and Other Similar Institutions (71219)

SIC

Retail-Miscellaneous Shopping Goods Stores (5940)

akta.pro primary industry

National Parks & Protected Area Visitor Services (Concessions, Guided Access) (THAAAAAH)

Keywords

• Retail park management
• Commercial property leasing
• Out-of-town retail
• Real estate asset management
• Retail property investment

Headquarters

HQ city

Manchester

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Rental income from retail tenants: Primary recurring revenue from long-term commercial leases paid by retail tenants (e.g., Superdrug signed a 10-year lease at £126,000 per annum on a 6,000 sq ft unit at Corby). Multi-year leases with periodic rent reviews form the core recurring income. Tenant mix spans fashion (Next, M&S, New Look), home (DFS, Sofology, SCS, Wren), food & beverage (Starbucks, Costa, Tim Hortons, Greggs, Nando's, McDonald's, Burger King, KFC, Lidl, Aldi, M&S Food, Food Warehouse), and leisure (JD Gyms, Buzz Bingo).
2. Asset management fees and capital gains on disposal: £291 million Retail & Leisure Assets Under Management. Capital recycling via pre-sale of newly developed phases to long-term owners (e.g., phase two of Trafford Retail Park was pre-sold to Akzo Nobel Cif Nominees Limited for an undisclosed sum).
3. Parking income: Ancillary income from car parking tariffs at parks such as Stockport Retail Park (e.g., £1 for 0–2 hrs, £3 for 2–4 hrs, £4 for 4–6 hrs, £8 for 6–8 hrs; free after 5pm weekdays and all-day Sunday). Managed by partners Care Parking (Stockport) and Vehicle Control Services (Gloucester).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Peel Retail Parks owns, operates and actively manages a portfolio of seven out-of-town UK retail parks comprising more than two million sq ft of lettable retail space. It provides long-term commercial leasing to national retail, F&B, leisure and grocery tenants, in-house development and refurbishment of retail park space, asset management, and parking management services. Its portfolio includes a flagship 261,367 sq ft retail park at Straiton (Edinburgh), a 332,239 sq ft park at Stockport, and other parks at Barnsley, Gloucester, Hyndburn, Washington and Yeovil.

Product overview

Peel Retail Parks is a UK retail real estate business (a unified single owner-operator platform) that owns and manages a portfolio of seven leading out-of-town retail parks: Barnsley Retail Park, Straiton Retail Park, Gloucester Quays Retail Park, Hyndburn Retail Park, Stockport Retail Park, Washington Retail Park, and Yeovil Retail Park — collectively representing more than two million sq ft of retail space and £291 million in retail & leisure assets under management. The portfolio functions as a unified asset-management platform, with each named retail park acting as a distinct property module supported by shared in-house development, asset management, and property management functions (e.g., development team led by Bruce Edmondson, asset managers Adam Jolley, Mark Whittaker, and Director of Retail Parks Julian Wilkinson). Notable sub-products include The Terrace at Straiton Retail Park, a 25,500 sq ft glass-fronted retail terrace sub-development housing up to 11 tenants, and the Trafford Retail Park Phase Two development adding an Aldi store and Starbucks drive-thru. As initiators of the UK retail park concept, Peel Retail Parks actively curates tenant mix across the portfolio — including strategic retail letting, food & beverage operators, and refurbishment/redevelopment programmes — and provides parking, sustainability programmes aligned with UN Sustainable Development Goals, and ongoing capital investment across all parks.

Differentiator

Problem solved

Functional benefit

Products and services

• Barnsley Retail Park 194,224 sq ft out-of-town retail park on Harborough Hill Road, Barnsley, within 10 minutes' drive of J37 of the M1 motorway, with 530 car parking spaces and planning consent for Open A1, bulky goods and leisure uses. Tenant mix includes The Range, M&S, Currys PC World, Everlast Gym/Evans Cycles, Food Warehouse, Pets at Home, Popeyes, Quality Save, Halfords, Starbucks and Subway.
• Straiton Retail Park 261,367 sq ft flagship retail park just outside Edinburgh, located within a 750,000 sq ft major retail destination including Ikea, Sainsbury's, Asda and Costco, situated directly on the A720 City of Edinburgh Bypass. Has 1,073 car parking spaces, Open A1 non-food planning consent with additional consent for a further 190,000 sq ft, a catchment of approximately 1.1 million people, and annual footfall of more than 7 million visitors.
• The Terrace at Straiton Retail Park 25,500 sq ft glass-fronted retail terrace sub-development at Straiton Retail Park, completed as a £10–13 million investment in February 2021, housing up to 11 smaller retail units ranging from 1,500 sq ft to 3,000 sq ft (with mezzanine potential up to 6,000 sq ft). Tenants include Starbucks, Greggs, Card Factory, The Works, Trespass, Archers Sleepcentre, LOAF and Bensons for Beds.
• Gloucester Quays Retail Park 163,788 sq ft mixed-use retail park at St Ann Way, Gloucester (GL1 5SF), within a 420,000 sq ft major retail destination adjacent to Sainsbury's and Gloucester Quays outlet centre. Has 1,250 car parking spaces and bulky goods planning consent with relaxations for toys, sportswear, footwear, D2 and A3 uses. Tenants include Next, Home Bargains, The Food Warehouse, Bensons for Beds, Burger King, Buzz Bingo, Dreams and Hobbycraft.
• Hyndburn Retail Park 232,317 sq ft mixed-use retail park on Whitebirk Drive, Hyndburn, Blackburn (BB1 3HT), strategically located mid-way along the M65 corridor off Junction 6. Has 1,019 car parking spaces and bulky goods A1 planning consent with relaxations. Reported an 81% increase in footfall over 2017–2018 with over 1 million visitors in 2018. Tenants include Aldi, B&M, Currys, Costa, Dreams, Home Bargains/JD Gyms, Howdens, Iceland, SCS, Smyths Toys, Sofology and Wren Kitchens.
• Stockport Retail Park One of the UK's largest retail parks at 332,239 sq ft GIA, on Great Portwood Street, Stockport (SK1 2HH), immediately off Junction 27 of the M60 orbital motorway. Has 1,074 car parking spaces and Open A1 non-food planning consent with 3 complimentary food and drink outlets. Tenants include Argos, Bensons, Boots, Costa Coffee, Currys PC World, DFS, Dunelm, Hobbycraft, Home Bargains, Kaspas, KFC, M&S, New Look, Next, SCS, Smyths, Sofology, The Range, Tim Hortons and TK Maxx.
• Washington Retail Park

Named customers51 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• CBREcoreChannel Partner/ Reseller/ DistributorCBRE acts as letting agent at Stockport Retail Park; contact Russell Homer ([email protected], 07800738865). Listed as letting agent alongside Savills for phase two of Trafford Retail Park. Also acts for Barnsley Retail Park.
• SavillscoreChannel Partner/ Reseller/ DistributorSavills acts as letting/sales agent at multiple Peel parks including Washington (Andy Hall), Straiton (Andy Hall and Stuart Moncur) and Trafford phase two. Listed as letting agent on park detail pages.
• Curson Sowerby PartnerscoreImplementation/ SI/ Consulting PartnerSpecialist retail property advisor that secured Superdrug on a 10-year lease at Corby Retail Park (with Thompson Heaney also advising Peel). Partner Craig Hudson acted on the Straiton, Corby and Washington parks.
• Pudney ShuttleworthcoreChannel Partner/ Reseller/ DistributorLetting agent for Yeovil Retail Park; contact Mike Pudney ([email protected], 07747008449). Also acts for Barnsley Retail Park.
• Andy Wright / Wright BuchanancoreChannel Partner/ Reseller/ DistributorLetting agent acting at Straiton Retail Park; contact Andy Wright ([email protected], 07919075359).
• Midas Retail LimitedcoreImplementation/ SI/ Consulting PartnerRetail construction specialist awarded the contract to build the new Next "dual-format" store at Gloucester Retail Park as part of the £14m regeneration scheme. Main build works handed over to Next in Autumn 2018.
• Havercroft ConstructioncoreImplementation/ SI/ Consulting PartnerMain contractor appointed for both Washington Retail Park (knockdown and rebuild of phase one, including Lidl, Food Warehouse and Greggs units) and phase two of Trafford Retail Park (Aldi and Starbucks drive-thru). Director Grant Bailey commented on the second instruction as evidence of successful delivery.
• Muir ConstructioncoreImplementation/ SI/ Consulting PartnerOne of Scotland's largest privately-owned contracting companies; appointed main contractor for the £10m (final £13m) Straiton Retail Park Terrace development. Reached completion in February 2021.
• Avison YoungminorChannel Partner/ Reseller/ DistributorLetting agent for phase two of Trafford Retail Park alongside Savills.
• Care ParkingminorImplementation/ SI/ Consulting PartnerParking management partner at Stockport Retail Park. Installed contactless/Apple Pay/Pay by Phone machines following £40,000 investment; provides on-site car park attendants 8.30am–6.30pm seven days a week.
• Vehicle Control ServicesminorImplementation/ SI/ Consulting PartnerParking management partner for Gloucester Retail Park, monitoring via Parking Compliance Cameras and Foot Patrols following the March 2020 parking rule changes (two-hour maximum stay).

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ediston Property Investment Company: UK-listed REIT focused exclusively on UK retail parks, with a portfolio of Big Box and Open A1 parks. Direct asset-class peer for Peel given similar tenant profile, geographic focus and asset size.
• Custodian Property Income REIT: UK-listed REIT with a diversified portfolio including UK retail parks and warehouse properties. Smaller and more regional in scale but operates a similar asset-management-led, multi-tenant retail park model.
• LXi REIT: UK long-income REIT with material exposure to UK retail parks and other essential real estate. Comparable due to long-WALT, inflation-linked, tenant-backed leases similar to Peel's leased-out park model.
• NewRiver REIT: UK-listed REIT specialising in UK retail parks and value shopping centres with a similar tenant mix of discount grocers, fashion and F&B operators. Closest publicly traded comparable to Peel's out-of-town retail park operating model and catchment strategy.

Others

• Peel L&P (Peel Land and Property): Parent group and broader UK property platform encompassing Peel Retail Parks alongside TraffordCity, MediaCity, and other real estate. Most relevant as the consolidated platform parent for assessing group-level value and capital allocation dynamics.

Broad incumbents

• McArthurGlen Group: Europe's leading designer outlet village operator with multiple UK assets. Comparable as a managed retail real estate platform serving national and international retailers, but focused on premium outlet rather than value retail park segment.
• Hammerson: UK and Ireland REIT focused on prime shopping destinations. While focused more on city-centre destinations than out-of-town retail parks, it competes for the same national retail tenants and represents the broader UK listed retail property sector.
• Unibail-Rodamco-Westfield (URW): Global operator of flagship shopping destinations including Westfield centres in the UK. Different sub-sector (premium shopping centres vs out-of-town retail parks), but competes for the same major retail tenant relationships and institutional investor capital.
• British Land: Major UK REIT with a significant retail parks and shopping centre portfolio (including Meadowhall and Teesside). Operates at much larger scale with broader asset class exposure (offices, labs), but competes for similar anchor tenants and institutional capital.
• Landsec: UK's largest REIT with retail parks, shopping centres, offices and mixed-use developments. Has out-of-town retail exposure alongside a broader portfolio, making it an incumbent comparable for tenant relationships and asset management approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/peelretailparks
• LinkedInlinkedin.com/showcase/peel-retail-parks

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peel Retail Parks