Signal Capital completes the purchase of Motherwell Shopping Centre

Signal Capital completes the purchase of Motherwell Shopping Centre

05/04/21
1 Minute read

With over 350,000sq ft of c100 prime retail units underpinned by anchor tenants Primark, Boots and B&M, Motherwell will continue to be managed by retail property and asset management specialist, ESTAMA UK to focus on the development and growth of the scheme.

Colman McCarthy, Partner, Signal Capital added:
“Signal is very pleased to get this first acquisition in our UK community shopping centre investment programme completed. We have been researching this sub-sector of the UK retail market for over two years, focussing on demographic factors that influence long term values and we are confident that with this and identified follow on investments we will be able to deliver attractive long-term income returns for our investment partners.”

David Roberts, CEO at Edinburgh House Estates and ESTAMA UK said:
“We are delighted to be part of this venture with Signal Capital, it has been a long road to get here but we are very happy with the resulting acquisition and the confirmation that our asset management arm, ESTAMA UK, will retain its current position and continue its excellent management of the Motherwell scheme.”

Related news articles

Estama UK wins contracts to manage three new shopping centres

Estama UK wins contracts to manage three new shopping centres

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.

View Article
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
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