Leeds

Victoria Leeds, including Victoria Quarter, Victoria Gate and Wrays Building

RivingtonHark as strategic and Asset Managers have supported Redical Holdings on the corporate purchase of the Hammerson companies that own “Victoria Leeds”.

OBJECTIVE:
To curate and animate an iconic ownership in the heart of Leeds with quality retail, F&B/Leisure and other complementary uses

ACHIEVEMENT:
RivingtonHark have secured the opening of The Ivy Asia and The Cut & Craft restaurants together with Retailers first stores into Leeds including Boodles and Astrid & Miyu

RivingtonHark as strategic and Asset Managers have supported Redical Holdings on the corporate purchase of the Hammerson companies that own “Victoria Leeds”. This was a £120m off market transaction of an estate that fits the core strategy of acquiring quality Institutional retail assets in the current economic environment.

 

Victoria Leeds is a unique estate. Some 625,000 sq ft in the heart of the City. It includes the Grade II listed Victoria Arcade housing Harvey Nicholls, Vivien Westwood, Louis Vuitton, Ralph Lauren and both Ivy and Ivy Asia. Victoria Gate was developed and opened by Hammerson in 2016 and includes Yorkshires only JLP store, the best multi-story car park in the city, and VGC Casino. Inside the malls it includes Rolex and Peloton.

The strategy is to bring greater animation, quality retail and both F&B and competitive leisure into the estate. There is huge potential working with all the Stakeholders, both inside and around the asset.

The aim is to hold long term, and RivingtonHark are retained Asset managers.

Find out more on their website: https://www.victorialeeds.co.uk/

Project Details

Our Role:
Strategic Advisors | Asset Management | Development Management | Placemaking

Partner:
Redical

Purchase Price:
£120m

Appointed:
February 2022

Mix of Uses

Retail

Retail

Car park

Public realm

Public realm

F&B

F&B

Cinema

Cinema

Leisure

Image Gallery