RivingtonHark acquired Clayton Square on behalf of InfraRed Capital Partners, sourcing the opportunity off market from Land Securities, and acted as Asset Managers and Development Managers through to sale.

Clayton Square was a “failed” 2 level 170,000 sq ft shopping centre;  with 22% void and imminent lease expiries on the majority of income.

The objective was to turn a failing 2 level Shopping Centre into a successful High Street retail and leisure project. Some key achievements are:

• Total reconfiguration
• 98% fully let
• Flagship store for Boots – largest single floor in the world
• Pure Gym, Wildwood lettings delivered
• Service charge halved, income up, WAULT up
• Successful high street asset from failed Shopping Centre
• Bought for £13.4m; sold 2.5yrs later for £38.5m