Credit: Evolve Estates

Evolve Estates seals deal on another popular convenience parade acquisition

Evolve Estates has acquired another shopping parade, signing a deal for a popular retail centre in the heart of Leighton Buzzard, Bedfordshire.

The business, part of the LCP Group of companies, acquired Waterborne Walk for an undisclosed sum.

The retail centre comprises 20 retail units over 77,750 sq ft and is anchored by a 25,371 sq ft Waitrose. The supermarket is complemented by a range of convenience, value and essential shops, including Caffè Nero, Card Factory, Holland & Barrett and Argos, which is located outside of the mall in West Street.

Danny O’Keefe, director at Evolve Estates, said: “Our focus on local convenience parades is yielding some excellent acquisitions, such as Waterborne Walk, which is set in a busy part of Leighton Buzzard.”

LCP, the national commercial property and investments company, has been appointed to manage the centre.

Ed Tuckett, associate director at LCP, said: “We are known for our proactive asset management and are already looking at how we can add value to the scheme and look forward to putting the ideas into place over the next few months.”

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

PingProperties has sold the Eudokiaplein shopping and health centre in Rotterdam

The Eudokiaplein shopping and health centre situated in Rotterdam-Noord, consisting of an office complex and a shopping centre, has been sold by PingProperties, on behalf of one of the companies under management, to the Pension Fund for the Metals and Electrical Engineering Sector (PME).

Icon Outlet celebrates a record-setting August

Icon Outlet has revealed it experienced a record-setting August across three key metrics compared to the same month in 2019. Sales increased by 24%, average transaction value grew by 11%, and footfall rose by 10% versus the same benchmarks in August 2019.

Citycon resolved on the long-term incentive plan for the new CFO

The Board of Directors of Citycon Oyj has approved a new Restricted Share Plan 2021—2024 for the Citycon´s incoming CFO, Bret McLeod who will commence his appointment as CFO on 1 January 2022.

Tommy Hilfiger to triple footprint in London Designer Outlet

London Designer Outlet has welcomed a number of new brands since the start of the pandemic

Westfield Centro continues strengthening its leisure and entertainment offering

In November 2021, the Dutch arcade game operator Gamestate will open its first branch in Germany in Westfield Centro on an area of over 700 square meters. Over 45 arcade stations will then enable visitors to prove their skills at the latest virtual arcade products or popular gaming classics. Gamestate is another highlight in the center's leisure and entertainment segment and once again demonstrates the international appeal of the location.

Edutainment Concept and Strategies at FİBA Commercial Properties

FİBA Commercial Properties continues to follow up the trends in all their global investments in China, Romania, Moldova and Turkey in terms of sustainable future projects.