The UK’s Crown Estate has confirmed the sale of Altrincham Retail Park to clients of Orchard Street Investment Management for £63.05 million.

“The Crown Estate, established by Act of Parliament, is not able to borrow, and as such, sales are an important part of raising capital for reinvestment across the business,” said The Crown Estate in a statement.

Geoff Ford of The Crown Estate’s Regional Portfolio, said: “Altrincham Retail Park has performed well and helped us to build critical mass within the retail sector.

“As an actively traded portfolio, sales such as this one play, an important role in helping to raise capital for reinvestment across the business, where we continue to deliver brilliant shopping and leisure destinations.”