Estama Expands Shopping Centre Portfolio with New Asset Management Appointment for The Kingdom Centre

Estama Expands Shopping Centre Portfolio with New Asset Management Appointment for The Kingdom Centre

06/10/24
2 Minute read

Leading asset and property management company Estama has been appointed by Focus Estate Fund to manage The Kingdom Centre in Glenrothes, further expanding its impressive portfolio of shopping centres.

The Kingdom Centre is the largest indoor shopping centre in Fife and one of Scotland’s largest single-level indoor shopping centres, boasting one of the highest footfalls in the region.

“We are thrilled to have been appointed as Asset Managers for The Kingdom Centre, not only adding to our shopping centre portfolio but also in supporting a client who has recently purchased the scheme,” said Ross Campbell, Estama’s Director & Head of Asset Management.

“With an enviable high footfall position in the Fife area, we hope to be able to attract new brands to the town and further strengthen the tenant mix,” he added.

Focus Estate Fund said they are delighted to appoint Estama as the asset managers for The Kingdom Centre.

“Their unparalleled expertise in retail management, approach to enhancing occupancy levels, and innovative approach to enhancing asset value made them the clear choice for us,” said a spokesperson for Focus Estate Fund

“We are confident that their strategic vision and hands-on management will transform our shopping centre into a vibrant, thriving destination for both retailers and shoppers alike,” they added.

Located approximately 25 miles north of Edinburgh and 20 miles south of Dundee, The Kingdom Centre serves a resident population of around 40,000 and a catchment area within 20 miles of over 300,000 people.

The centre itself spans 430,000 sq ft (40,000 sq m) and features 1,400 parking spaces, making it a key retail hub for Glenrothes.

It benefits from excellent bus and rail links and attracts an annual footfall of approximately six million. Key tenants include Sports Direct, Boots, Home Bargains, Argos, JD Sports, and Specsavers.

Estama is renowned for its expertise in asset and property management, offering investors actionable solutions that deliver outstanding value.

With a substantial portfolio under management across various commercial asset classes, Estama is recognised for its proactive approach to enhancing investment value and returns, sustainable practices, and active tenant and community engagement.

Earlier this year, Estama made headlines by becoming one of the first companies in the industry to transition to an Employee Ownership Trust, transferring the business into the hands of its employees. This strategic move underscores its commitment to growth and expansion.

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