Vicar Lane - Transaction Overview
Investment Date: December 2018
Property Type: High Street Retail
Asset Description: 220,000 sqft high-street retail
400 Parking units
Strong regional shopping centre:
Resilient community shopping centre (Top-100 UK centre) in a market town with a loyal shopper base, growing tourist ambitions and an entrepreneurial local government, set on delivering growth and jobs to the area and the town centre
Value-add potential through AM initiatives:
• Development works to improve the centre and create a vibrant
and engaging retail environment.
• Large outdoor screen and enhancement of public realm spaces.
• Digital engagement and marketing for local SMEs.
Vicar Lane - ALTERX Result
Underwriting & Asset Management:
• Awarded REVO’s Gold Award in the Re-Wired category for delivering
actionable insights through the use of technology.
• Creation of thriving local independent high street on the secondary (vacant)
pitch in the scheme, leading to year-on-year footfall growth.
DIE VIA - Transaction Overview
Investment Date: June 2015
Property Type: Existing Retail & Residential Mixed-Use Development
Asset Description: 135,000 sqft Department Store, 300,000 sqft future
mixed-use development
Dominant superregional shopping centre:
• Operating retail shopping centre building located in Esslingen, Greater Stuttgart Area.
• Well located between two main pedestrian shopping streets that link the train station
and the historic centre.
Value-add potential through AM initiatives:
• Opportunity to develop residential-led buildings in the adjacent car park.
• Committed to divest at substantial discount to book value.
Asset Management Initiatives:
• Planning consent for a 300,000 sqft mixed use development has been secured
and pre-development work is underway.