Assets News

Booming St John's Shopping Centre sees annual footfall soar past the 14m mark

 More than 14m people visited St John’s Shopping Centre in Liverpool over the past year – a big rise on the previous year.


Cycle Republic rides into Castle Mall for first out of London store

Cycle Republic has opened a branch in Castle Mall Shopping Centre, Norwich – its fourth UK store and the first outside London.Halfords' dedicated cycle retail format has agreed a ten-year lease on a 3,500 square foot unit at Castle Mall.


Store delivers jobs boost after signing lease

The new TJ Hughes store in the Mill Gate Shopping Centre is set to create 50 jobs, according to centre bosses.


InfraRed/Hark buy Preston mall

InfraRed Capital Partners, on behalf of its Active Fund III, and asset manager Hark Group have exchanged contracts to buy St Georges Shopping Centre, Preston, Lancashire from Aviva.


InfraRed lights up the Galleries

InfraRed Capital Partners has let 36,000 sq ft of retail space at the Galleries in Bristol.

The Broadmead-based shopping centre, owned by InfraRed since 2011 and asset managed by Hark Group, is welcoming six new retailers ready for the Christmas shopping period.


Boost to Castle Mall's Retail Mix as Key Brands join the Centre

Norwich's Castle Mall shopping centre has announced the opening of two new key stores, providing a significant boost to its retail offering as the Christmas shopping season gets into full swing.



Jewellers F. Hinds returns to Bristol City Centre

After a gap of more than fifty years, jewellers F. Hinds is delighted to return to the centre of Bristol with the opening of its 112th store which is in The Galleries Shopping Centre.



Shoppers welcome Yours to Eastgate in Basildon

Shoppers queued from around 8am for the opening of Yours Clothing at Eastgate in August.

The smart new store, with its extensive range of ladies fashions in sizes 14 – 32, welcomed its first guests two hours later, with staff distributing goody bags to the first hundred shoppers who entered the premises.


Hark appointed as asset manager for Mill Gate shopping centre

Hark has been appointed as asset manager for the Mill Gate shopping centre in Bury, Greater Manchester. This follows the acquisition of the centre by InfraRed Capital Partners from SWIP, which is now part of Aberdeen Asset Management, for £52m.

Mill Gate is located in the centre of Bury, where it forms the core of the commercial hub of the town adjacent to the famous Bury Market and the Metrolink station. It comprises over 400,000 sqft of covered lettable space across over 140 shop units, along with one of the main car parks in the town. Tenants include a number of well-known brands such as BHS, Boots, New Look, Poundland, The Body Shop, Waterstones, Poundworld and Santander.


InfraRed Capital Partners acquires Eastgate shopping centre

InfraRed Capital Partners has acquired the Eastgate shopping centre in Basildon from British Land for £88.6 million.

Eastgate forms the dominant retail heart of Basildon town centre enjoying an annual footfall of c.14m p.a. It comprises over 70,000 square meters of covered lettable space across over 100 shop units and three office buildings, along with one of the main car parks in the town.