Estama UK wins contracts to manage three new shopping centres

Estama UK wins contracts to manage three new shopping centres

03/25/24
2 Minute read

As part of its ongoing growth plan, ESTAMA UK has confirmed it has won contracts to manage three new shopping centres in Northamptonshire, Cheshire, and County Durham.

As part of its ongoing growth plan, ESTAMA UK has confirmed it has won contracts to manage three new shopping centres in Northamptonshire, Cheshire, and County Durham.

Weston Favell Shopping Centre is located on the edge of Northampton and comprises 330,000 sq ft of retail space with 89 units across 2 levels. The scheme is anchored by a 153,455 sq. ft Tesco food store, alongside other major retailers including McDonald’s, Costa, Burger King and Poundland.

Birchwood Shopping Centre is a grocery-anchored community shopping centre, located in five miles from the centre of Warrington in Cheshire. The centre extends to 372,917 sq. ft and has 63 units. It is anchored by a 108,814 sq. ft. Asda food store. Other key retailers are Aldi, Costa, Home Bargains, McDonald’s, Sports Direct, and Subway.

Byron Place Shopping Centre is located in Seaham on the North-East coast, south of Sunderland in County Durham. It covers 115,378 sq. ft and has 21 units it is anchored by a 42,000 sq. ft Asda food store, other key retailers include Subway, Home Bargains, B&M and Costa. Poundland have just opened in a new 22,000 sq. ft store before Christmas.

The three centres have a combined annual footfall of more than 11 million people.

“We are thrilled to have been selected to take on the asset management of these important community shopping centres,” said Ross Campbell, Director Head of Asset Management.

“The appointments underscore our reputation for delivering exceptional management services and aligns with our vision of creating thriving, dynamic spaces for both tenants and visitors.

“The three centres are grocery- anchored community centres, and we will continue their evolution to provide the local population with modern, appropriate retailing, great catering offers and excellent facilities,” he added.

ESTAMA UK is recognised for its proactive approach to asset and property management, emphasising enhanced performance, sustainable practices, and community engagement.

The appointments take ESTAMA UK’s total asset management sites to 17 across the country. They are the first new instructions to have been confirmed since announcing its transition to Employee Ownership Trust (EOT) status earlier this year.

ESTAMA UK is among the first companies within the industry to adopt the progressive initiative that transfers the ownership of the business into the hands of its employees and forms part of its commitment to grow and expand its operations.

ESTAMA UK is one of the UK’s leading commercial asset and property managers offering investors authentic and actionable solutions that deliver outstanding value across all asset classes.

Related news articles

Estama UK expands team with appointment of experienced Asset Manager

Estama UK expands team with appointment of experienced Asset Manager

Leading commercial asset and property managers ESTAMA UK has appointed Alex Butler to join its Asset Management team.

View Article
ESTAMA UK Creates Employee Ownership Trust

ESTAMA UK Creates Employee Ownership Trust

Leading commercial property and asset managers ESTAMA UK has announced its transition to Employee Ownership Trust (EOT) status.

View Article
Graduate Surveyors join ESTAMA UK’s Property Management Team

Graduate Surveyors join ESTAMA UK’s Property Management Team

Leading property and commercial asset managers ESTAMA UK has appointed two new graduates to join its Property Management Team.

View Article
ESTAMA UK Appointed Property Managers for Staples Corner Shopping Park

ESTAMA UK Appointed Property Managers for Staples Corner Shopping Park

Leading property and commercial asset managers ESTAMA UK have been appointed to take over the management of the Staples Corner Shopping Park in North London.

View Article
Andrew Conway joins Estama

Andrew Conway joins Estama

ESTAMA UK continues UK expansion with Asset Manager appointment ESTAMA UK has appointed Andrew Conway as the newest Asset Manager to join its specialist Asset Management team.

View Article
Signal Capital completes the purchase of the Thamesgate Shopping Centre, Gravesend

Signal Capital completes the purchase of the Thamesgate Shopping Centre, Gravesend

Private investment manager, Signal Capital, supported by retail property and asset management specialist, ESTAMA UK, has completed on the acquisition of the Thamesgate Shopping Centre, in the historic riverside town of Gravesend.

View Article
ESTAMA UK Secures Sales of Multiple Industrial Assets

ESTAMA UK Secures Sales of Multiple Industrial Assets

Specialist property management company ESTAMA UK has assisted with and secured the sales of both Sunbeam Industrial Estate, Park Royal, London and Syston Mills, Leicestershire, both finalised in Q1 2021, leveraging the liquidity and strength of the industrial market.

View Article
Signal Capital completes the purchase of Motherwell Shopping Centre

Signal Capital completes the purchase of Motherwell Shopping Centre

Private asset management firm, Signal Capital, supported by retail property investment specialist, Edinburgh House, has completed on the acquisition of Motherwell Shopping Centre in the heart of Motherwell town centre, North Lanarkshire, Scotland.

View Article
The key to rent collection during covid

The key to rent collection during covid

Eoin Conway, Director at ESTAMA UK explains how commercial property companies can support tenants and secure positive rent collection, regardless of Covid.

View Article