The property, on the edge of Warrington town centre, includes a local shopping centre, a 74,000-sf Asda Wal-Mart foodstore and 10 retail warehouse units let to Argos, Comet and Carpetright among others. The park currently produces a rental income of £2.9 million ($5.2 million) per annum.

Andrew Lewis-Pratt chief executive of theJunction says: "This sale is in-line with our strategy to create a prime retail park portfolio. Over the course of the past 12 months we have sold a number of our non-core properties, in order to focus on destination retail parks which are dominant in their catchment area, with development and asset management potential."

King Sturge advised the Junction and FPD Savills represented Halladale.

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