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CHARTER WALK SHOPPING CENTRE, BURNLEY

CHARTER WALK SHOPPING CENTRE, BURNLEY
Charter Walk Shopping Centre comprises of 250,000 sq ft of retail accommodation and was acquired in partnership with Tristan Capital Partners.

At the time of purchase the centre was under threat from plans for a new competing centre next to Charter Walk. That scheme was close to securing a number of the better fashion retailers from our centre.

We worked quickly to design a redevelopment of part of the Market Square to provide the modern retail accommodation. This allowed us to retain JD Sports, River Island and Peacocks, whilst securing a new letting to The Entertainer.

Proactive management and investment has facilitated the letting of a 25,000 sq ft store to Next and 45,000 sq ft to Primark on a new 15 year lease. This involved relocating Wilko to a new 12,000 sq ft unit and Poundland to a new 4,000 sq ft store.

QUEENS ARCADE, CARDIFF

QUEENS ARCADE, CARDIFF
Queens Arcade, Cardiff was acquired as part of a portfolio. We have repositioned the centre by re-engineering the tenant mix in the centre.

In the Working Street mall, we have combined a number of smaller units to appeal to discount and value retailers such as That’s Entertainment, Shaw’s Drapers and Perfect Home and we have recently secured a consent for a new food court.

On the Queen Street mall, we have attracted new retailers such as The Entertainer, Skechers and Tim Horton, that are seeking capital city representation at a fraction of the costs of St Davids 2.

FORMER M&S PREMISES - THE HARVEY SHOPPING CENTRE, HARLOW

FORMER M&S PREMISES - THE HARVEY SHOPPING CENTRE, HARLOW
60,000 sq ft standalone retail store located at the main entrance to the Harvey Centre acquired from Marks & Spencer plc.

When M & S decided to close its store in Harlow it could have had major repercussions for the Harvey Centre, despite the store not having had any investment for many years. We purchased the long leasehold interest and undertook a comprehensive refurbishment to the block, adding windows at first and second floor levels. We divided the block into 9 units which have been let to tenants including Xercise4Less, Nationwide Building Society, Peacocks, F Hinds and Starbucks.

UNION SQUARE SHOPPING CENTRE, UNION STREET, TORQUAY

UNION SQUARE SHOPPING CENTRE, UNION STREET, TORQUAY
Freehold asset of around 117,000 sq ft of retail floorspace.

We have undertaken a refurbishment of the shopping centre; and rebranded the scheme, replacing dated signage with new a contemporary look.

We secured the anchor tenant Wilko on a new 7 year re-geared lease, encouraging other national retailers like Peacocks, Savers and F Hinds to renew their leases. We also amalgamated small empty units to provide new modern retail units and have completed new lettings to The Entertainer, Greggs, and a number of lease renewals to national retailers. The shopping centre now has only one vacant unit and footfall continues to grow year on year.

PRINCESS HOUSE, SHREWSBURY

PRINCESS HOUSE, SHREWSBURY
Retail and office building in the City centre bought as part of a portfolio with investor partner Och Ziff. New retail lettings concluded to Cote and the Job Centre.

Office leases were regeared with the MoD and the DWP, and the investment was sold to a private investor for in excess of £12,000,000 and a yield of 6.15%.

CINEWORLD, THE HARVEY SHOPPING CENTRE, HARLOW

CINEWORLD, THE HARVEY SHOPPING CENTRE, HARLOW
The Harvey Centre comprises circa 300,000 sq ft of retail floorspace which is anchored by Tesco, Primark and Wilkinson.

Addington has led the refurbishment of the dated 1980’s shopping centre to create a modern retail environment and combining units to make them more attractive to modern retailers. We have completed lettings to retailers including Deichmann Shoes, F Hinds, Perfume Shop, Choice Fashions and Starbucks.

We redeveloped the first floor into a cinema with restaurants. This involved undertaking a detailed feasibility study and viability, before drawing up a scheme and obtaining planning. We completed the relocation of a number of existing retailers and pre-let a 6 screen cinema to Cineworld.

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