Quadrant Shopping Centre – Dunstable
Following the purchase of this distressed retail scheme in 2014, the ESTAMA team was appointed to deliver strategic asset management to stabilise the centre, improve its leasing performance and ultimately increase NOI.
A low occupancy rate combined with a number of existing tenants entering CVAs or administration was negatively impacting the asset’s profitability. ESTAMA began a series of complex negotiations with existing operators whilst also repositioning the scheme as an essential convenience and F&B town centre offering for the local community. The work also sought to de-risk the tenant mix of the scheme.
Today, the centre is fully let with an increase in net contracted income of some 68% since work began. The ESTAMA team continues its asset management mandate and is now focused on reconfiguration, repurposing and masterplanning to further drive the NOI.
increase in contracted income
increase in occupancy rate
new leasing deals in 2020
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