The Chill Factore indoor ski slope in Manchester has changed hands in a deal worth £15.5m.

Property investor Development Securities acquired Extreme Cool, the company that owns and operates the venue, which first opened in November 2007.

Located close to the Trafford Centre, Chill Factore houses an 180m indoor real snow ski slope – the longest in the UK – a climbing wall and 16 shops and restaurants.

It is the anchor tenant in the Trafford Quays Leisure Village, a popular mixed-use leisure and retail destination, and currently attracts between 1.2 million and 1.4 million visitors per year.

Matthew Weiner, executive director of Development Securities, said: “Drawing on our experience and success in managing real estate based operational businesses such as the Manchester Arena, we are confident that alongside our joint venture partners, we can improve footfall, attract additional tenants and drive rental income to increase the value of this popular venue.

“Over the past year, we have disposed of a number of mature investment assets and we continue to focus our reinvestment activities on convenience retail schemes and alternative investment assets such as these where we can add value through our asset management and enhancement activities.”