Templars Square Shopping Center. Credit: Newriver
Investment | Ticker

Redevco acquires 1960s Templars Square shopping center for €42.5 million

On behalf of one of its investor clients, Redevco has purchased Templars Square in Oxford for €42.5 million from New River. The 1960s local shopping centre is to be transformed into a landmark residential-led mixed urban scheme over the next decade.

Tom Hoye, Transaction Director at Redevco United Kingdom, said: “We plan to take a much-loved, but dated, retail asset and transform it into a thriving urban destination which will continue to draw in the local community.” 

Templars Square, which lies 4 kms south-east of Oxford’s city center, is a covered mall-based shopping center with some open-air and street-facing retail units, two car parks (Knights and Barns Road) and upper-floor offices. The 36,500 sq m site is broadly located between Cowley’s Towns Road to the north and Hockmore Street to the south. The asset is part freehold, with the majority owned as long-leasehold for a period of close to 200 years. 

Oxford is attractive as it is one of the UK’s pre-eminent university cities and at the forefront of the growing life sciences industry. With a population of over 150,000 inhabitants the city is faced with a significant housing shortage. 

Tags: , ,

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

Ticker MORE

Frasers Group and H&M announce flagship stores at Clerys Quarter

Flannels and H&M have committed to opening their Irish flagship stores at Clerys Quarter. The development is due to open in Q4 2022, with an extensive food and beverage offering to complement retail units and Grade A offices.

Altera sells Utrecht retail park to abrdn

Altera Vastgoed sold its property on Kaap de Goede Hooplaan in Utrecht to an abrdn fund.

Westland welcomes Peek & Cloppenburg back to Belgian market

The German company Peek & Cloppenburg, with its headquarter in Düsseldorf, moves into the new Westland Shopping Center in Anderlecht, Belgium.

Neinver’s entire Polish portfolio receives BREEAM certification

Neinver has obtained a BREEAM In-Use certification for Factory Gliwice–the latest of its outlets to open in Poland–and with this, its entire Polish portfolio is now officially certified.

Anne-Kathrin Velten appointed as new editor in chief of ACROSS Magazine

The ACROSS Magazine welcomes business editor Anne-Kathrin Velten as its new editor in chief.