THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Redevco acquires Brighton's Hannington Estate

Redevco, the investment manager of high street retail properties, has acquired the 1.3 acre Hanningtons Estate in Brighton.

GENERAL MERCHANDISE

Redevco acquires Brighton's Hannington Estate

Redevco, the investment manager of high street retail properties, has acquired the 1.3 acre Hanningtons Estate in Brighton.

Following the £50 million acquisition from Royal Bank of Scotland, the company plans to undertake a mixed-use development at the property which will include the creation of a new Brighton ‘Lane’ comprising shops, apartments and offices.

The estate, which sits between the existing historic north and south Lanes around the site of the former Hanningtons department store, consists of nine adjoining and interconnecting buildings comprising 11,250 square metres. These currently incorporate 29 retail units over 6,500 square metres, 1,800 square metres of offices and 41 residential units totalling 3,125 square metres.

Adam Starr, managing director Redevco UK, said: “The Hanningtons Estate epitomises all the key factors that Redevco is looking for in its retail investments. It’s located in an attractive, historic shopping district at the centre of a town that is a magnet for visitors and has an affluent and creative population.

“There are also numerous opportunities to add value through asset management and development as we have done in high streets located in historic areas in towns and cities across Europe for many years. We are also delighted to have been able to complete the complex transaction in a very tight timeframe after securing the opportunity against some strong competition.”

The acquisition follows the completion of retail property deals in Paris and Belgium by Redevco in recent months.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process