Kennet Centre, Newbury

RivingtonHark working with partners acquired the Kennet Shopping Centre in Newbury in 2019. The scheme comprises some 250,000 sqft of retail and leisure space spread over more than 5 acres.

ABOUT KENNET CENTRE, NEWBURY

Working with investors RivingtonHark have purchased of the Kennet Shopping Centre, Newbury in 2020. The centre has lacked investment and active management for some time and our role as asset managers is to improve the occupancy, activity and income from the asset whilst considering longer term options.

The 244,000 square foot square foot centre provides some 50 units along with a Vue cinema and restaurants. It sits in the heart of Newbury and close to the station.

Newbury is seeing significant changes with new development in and around the station and the Kennet Centre has the opportunity to positively respond to these.

COVID-19 UPDATE:

The Kennet Centre is open but with a significantly reduced number of retailers currently trading due to the Covid-19 restrictions. Grapetree are the only retailer open inside the scheme and One Stop remain trading in an external unit on Market Place. The cinema and restaurants are also temporarily closed.

As a result of the limited number of occupiers currently operating the majority of entrances into the centre have been closed and the principal access to the scheme is via the Market Place/Cheap Street entrance.

The council run multi-storey car park adjacent the Kennet Centre remains open albeit only the ground floor level. Parking charges have currently been suspended by the council.

If you would like further information or links to our social media please visit the website for the centre: http://www.kennetshopping.co.uk/shops.aspx.

Project Details

Services provided
Asset management, Leasing Management

Appointed:
2019

Mix of Uses

Retail

Car park

Cinema

F&B

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