RivingtonHark take on Royal Victoria Place Asset Management mandate in Tunbridge Wells

Following Tunbridge Wells Borough Council acquisition of the Long Leasehold ownership of Royal Victoria Place from British Land, specialist shopping centre advisors, RivingtonHark, have been appointed to advise on strategic direction and improvements to the shopping centre that will benefit both shoppers and businesses. The day-to-day management will be delivered by Knight Frank.

The 475,000 sq ft asset contains 99 units and is anchored by Fenwick and M and S. The Council has owned the freehold of the centre since it was built in 1992 and believes it is uniquely placed to secure its future and its contribution to the town centre. The Council is committed to ensuring that Royal Victoria Place continues to play a strong role in maintaining the attractiveness of the town for residents, employers, and visitors alike.

The purchase had cross party support.

Mark Williams, Executive Director and co-founder of RivingtonHark said: “RivingtonHark is delighted to support Tunbridge Wells Borough Council following this strategically important acquisition. Royal Victoria Place offers huge potential to improve the wider town offering and we look forward to working with the Borough Council in evolving and influencing those plans.”

This follows mandates to take on Shrewsbury and Fareham regeneration projects this year.