After 2 years of unprecedented challenged faced by real estate, experts share their predicitions for 2022

"While the future of the high street has never been more uncertain, there is reason to be optimistic. That’s because the conversation is now focused on people not property: creating brilliant places for them to live, work and play.

A modern city centre should be masterplanned, with strategically considered retail; a vibrant food and beverage o! er, including independents and big names; leisure pursuits, both indoor, such as cinemas and theatres, and outdoor, such as green spaces for exercise or relaxation; and community amenities including homes, educational and wellbeing facilities.

The regeneration of Swansea, on which RivingtonHark acts as development manager for Copr Bay phase one, is a case in point. With affordable homes, a new arena and a better connection between the urban realm and the natural setting through active travel infrastructure, Copr Bay is a benchmark for how we can reshape our cities to be authentic to their natural assets and heritage, as well as places where people thrive in 2022 and beyond."

 

Chester Northgate welcomes Brewdog

Pioneering independent Scottish craft brewer BrewDog is heading to one of the UK’s most historic cities and opening a bar as part of the Chester Northgate development when the scheme fully opens in October 2022.

Since its launch in 2007, BrewDog has taken the world of brewing by storm, with its flagship Punk IPA and groundbreaking Equity for Punks crowdfunding initiatives, it now has over 100 bars across the globe, exports into over 60 countries, and has breweries in Ellon Scotland, Columbus Ohio, Berlin Germany and Brisbane Australia.

BrewDog will join The Florist, Tapas Revolution, Cosy Club and Picturehouse Cinema already announced as key lettings; and will occupy a 3,000 sq. ft. space adjacent to the new Chester Market Hall, fronting Princess Street and the newly named Exchange Square at the heart of the Northgate development in the city centre.

Councillor Richard Beacham, Cabinet Member for Housing, Regeneration and Growth, said: “We are delighted to secure such a high-profile and innovative brand to join us at Northgate, BrewDog will be a fantastic asset to the scheme.

“Their unique and maverick approach has established a reputation as a world-famous brewer, and I know residents and visitors to Chester will be excited to see them in the city.”

In securing the BrewDog letting, the council was advised by its retained Leasing Managers RivingtonHark.

For more details on the Chester Northgate development see: www.chesternorthgate.com


Copr Bay construction impact on the local, regional and Wales wide economies

From engineering and decorating to flooring and landscaping, new figures show businesses in the Swansea Bay City Region have benefited from over £34.6 million worth of work thanks to the construction of Copr Bay phase one.

As well as Swansea Arena, the Copr Bay phase one development also includes a 1.1-acre coastal park, new homes, the new bridge over Oystermouth Road, new apartments and new spaces for leisure and hospitality businesses.

The figures also show Swansea-based businesses benefitted from £17.9m of the £34.6m spend. Businesses elsewhere in Wales outside the Swansea Bay City Region benefitted from a further spend of £18.7m.

Copr Bay phase one is being developed by Swansea Council and advised by development managers RivingtonHark. Buckingham Group Contracting Ltd is leading on its construction.

Cllr Rob Stewart, Swansea Council Leader, said: “The Copr Bay phase one development is so important to Swansea, South West Wales and Wales as a whole not just because of the extra footfall, spending and jobs it will generate in our city centre, but also because of the local, regional and Wales-based supply chain businesses the project has been able to benefit throughout its construction.

“These figures show a huge amount of money has been reinvested in the Swansea, regional and Welsh economies throughout construction of the emerging district, which has made outstanding progress during the pandemic.

“The thousands of construction workers who have been on site since building work started will also have been spending money in Swansea’s shops, restaurants, hotels, pubs and other businesses, which has been a welcome boost for our business community in these challenging times.

“But as well as Copr Bay, we’ll be looking to benefit local businesses in this way as part of all our major redevelopment plans in Swansea. This includes the construction of the new office development at the former Oceana nightclub site on The Kingsway, with an event having already been held for local businesses to learn about the opportunities forming part of that project.”

Both the arena element of Copr Bay and the new office development planned for The Kingsway are part-funded by the Swansea Bay City Deal – an investment of up to £1.3bn in nine major programmes and projects across the Swansea Bay City Region which have all now been approved by the UK Government and Welsh Government.

The new bridge over Oystermouth Road in Swansea, which also forms part of Copr Bay phase one, is part-funded by the Welsh Government’s Active Travel fund.


RivingtonHark

RivingtonHark is delighted to welcome two new members

RivingtonHark is delighted to welcome two new team members who join to support the growth of the business

Will Ashdown joins as Asset Manager following 7 years working within the Property and Asset Management dept at JLL. He has worked on retail and leisure assets for a breadth of clients including RailPen, Legal & General and Ingka (Ikea) delivering innovative solutions to place making and centre activation across numerous assets.

Sergy Yushchenko will be working as investment and development analyst supporting the work being done on the existing portfolio in addition to evaluating new acquisition opportunities. Sergy is a trained architect having previously worked at PLP Architecture and Kohn Pedersen Fox on a variety of mixed use schemes. Having studied real estate and investment at Cass Business School Sergy has refocused on investment and development analyst work.

Mark Harvey, Director and Head of Asset Management at RivingtonHark says: “I am delighted to welcome Will and Sergy to the team. They are joining us at an exciting time for the business. Will has a great deal of experience in managing complex town centre assets and his ability to deliver customer focused, sustainable assets is a key part of what RivingtonHark does. We are also seeing a number of interesting acquisition opportunities in the shopping and town centre space and both Will and Sergy’s background and skillsets will play a key part evaluating these and delivering further growth to the business.”


RivingtonHark’s Executive Director David Lewis visits the transformational Copr Bay scheme in Swansea

David Lewis, Executive Director comments on his visit to Copr Bay

David Lewis, Executive Director took a site visit and a guided tour of Copr Bay with colleague and project lead, Spencer Winter and our client, Swansea Council.  Phase 1 is centred on a new, iconic, 3,500 capacity live entertainment venue and conference centre. The project also provides extensive new public realm, a hotel, 33 residential units, new A3 uses and new public parking against a background of a digitally enabled infrastructure.

David said “the tour took about 2 hours and the buzz and excitement on site is tangible. I got to walk across the new bridge and it is truly spectacular! The landscape of Swansea has changed and you can really see how this is the start of a major renaissance of the city.”

At RivingtonHark, we are immensely proud to be Development Managers on such a significant scheme and thoroughly enjoy working with our on-site partners Buckingham Group Contracting Ltd and our client Swansea Council.


RivingtonHark Opens North West Office

Sarah McVicar is leading the opening of RivingtonHark’s new office in the North West.

This follows the successful growth of assets under management in the region and signals the Company’s commitment to its growing client base. RivingtonHark currently manages assets and projects in Liverpool, Chester, Runcorn, Bury, Winsford and Northwich. All are undergoing positive change and evolution in different ways.

 

Sarah said “RivingtonHark’s expansion in the North West reflects our confidence in the region. Now, with a local base, we can add even more value for our clients and further support our ambitions for these exciting projects. I am looking forward to driving forward this very important part of the business .”

 

Mark Harvey Head of Asset Management at  RivingtonHark said “Opening an office in the North West means we are better placed to serve our expanding number of clients in the region. We are incredibly excited by the increased level of investment in the North and the opportunity to revitalise town centres through asset intervention which is at the heart of what we do.”


Boom Battle Bar opens in Liverpool

St Johns has just become more thrilling!

As part of the diversification of the asset RivingtonHark are pleased to announce the opening of the much anticipated Boom Battle Bar.

The bar offers a unique mix of food, fun and frenzy; from axe throwing and shuffle board to bottomless brunches there really is something for everyone.

The letting not only enlivens a key entrance to the shopping centre but also utilises over 10,000 sq. ft of vacant space.

With over 50 years of history at the retail heart of Liverpool, St Johns continues to evolve and reflect the everchanging cityscape.

This letting targets an ever growing student population; one of the largest in the UK, keeping the asset relevant to people of all ages.

The St Johns mantra is Shop, Eat, Play & Discover and with Boom on board we think it’s the perfect fit!