Kingston's Bentall Centre to expand
Meyer Bergman, the European retail specialist real estate investment management firm, and Aviva Investors, the global asset manager, will use the funds to transform and extend the Bentall Centre’s Clarence Street entrance while creating 2,000 square feet of additional retail space.
Mark Gamble of Meyer Bergman said: “For almost 21 years the Bentall Centre has acted as regional retail hub enjoying a wide catchment stretching from South West London to Surrey and the South Coast of England. The planned upgrading aims to add value by creating new retail space to attract new brands and reinforce the centre’s position as a leading retail destination.”
Chris Paterson of Aviva Investors added: “The Bentall Centre is one of the flagship assets in our retail portfolio. This investment demonstrates how important it is to us to provide the best shopper experience and support the wider Kingston economy and community.”
Meyer Bergman acquired a 50% stake in the Bentall Centre from Aviva Linked Property Fund for circa £130 million in March 2010. Attracting over 14 million visitors a year, the centre is home to Bentalls Department Store, as well as over 80 retailers, including Zara, Zara Home, Apple, H&M, Massimo Dutti, LK Bennett and New Look.
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