Queens House is a prominent mixed-use island site of 147,116 sq ft positioned on King Edward Street, Jameson Street, Paragon Street and Chapel Street in the heart of Hull’s main retail and cultural district. The building benefits from frontages onto fully pedestrianized streets, a mix of national and independent operators, and a location directly opposite the £96 million Albion Square regeneration project. It also sits within Hull City Council’s wider £19.5 million program to revitalize the city center, creating a strong platform for repositioning and long-term value. The asset includes a substantial block of retail accommodation and upper floors, offering scope for active management and potential future alternative uses, in line with the city’s ambition to deliver more than 2,500 new homes in the centre by 2032. Tom Percy from LCP UK, part of M Core will asset manage Queens House.
M Core has also acquired Newton Hall in Durham, a 56,210 sq ft neighborhood parade comprising 25 units, with a blend of residential and everyday local services, including beauty, convenience, estate agency, florist, and leisure operators. The scheme serves a strong and established community catchment, with clear opportunities to refresh the tenant mix and strengthen the local offer over time. Will Helm, Senior Asset Manager (LCP) will asset manage Newton Hall.
The final acquisition M Core has purchased is The Triangle Centre which is a is a key part of Clevedon’s vibrant town center, offering over 59,000 sq ft of retail and office space, anchored by B&M, Boots, and Superdrug. It benefits from a central location, with ample parking, and a loyal, affluent catchment; it plays an important role in the local community. George Watson from LCP UK, part of M Core will asset manage this property.
James Buchanan, Group Managing Director at M Core, said: “These acquisitions set a positive tone for the year ahead. Queens House is a major city-centre asset with clear long-term potential, while Newton Hall and the Triangle Centre offer resilient neighborhood retail in a well-established community. Both align with our approach of disciplined investment and intensive management, supporting local economies and delivering value over time.”
The above transitions were completed Legal Director, Catherine Gunz of Osborne Clarke LLP on behalf of the landlord.
M Core’s asset and property management teams will begin immediate engagement with occupiers, local authority partners and stakeholders across both sites, focusing on leasing momentum, operational improvements and the strategic evaluation of future opportunities.
