New owner for Jarrow’s Viking Centre
Jarrow shopping scheme the Viking Centre has been acquired M Core’s Evolve Estates.
Situated in the heart of Jarrow, the centre has more than 60 stores occupying over 175,000 square feet of retail space. Anchor stores include Boots, Peacocks, B&M and Poundland.
Danny O’Keefe, founding partner of Evolve Estates, said: “This deal marks Evolve Estates’ expansion into the North East market and demonstrates our commitment to supporting local communities and businesses,
“We have long maintained that the retail sector is a strong market for investing, providing excellent opportunities for us to add significant value that benefit the tenants and the local community, as well as ensuring a good return on our investment.
“We’ve a significant pipeline of retail acquisitions for the rest of 2023 and expect to complete more than £300 million worth by the end of the year.”
M Core has invested more than £160 million over 12 months in 25 retail centres. Major acquisitions have included M Park Alexandra in Lincolnshire, Weavers Wharf in Kidderminster, and M Park Ocean Plaza and Central 12 in Southport.
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