Shopping City, Runcorn
Shopping City is the town centre for Runcorn, providing over 500,000 sq ft. RivingtonHark were brought in as Asset Managers to repurpose and regenerate the asset following a significant decline in its income.
About Shopping City, Runcorn
By active management we increased occupancy, NOI rose by 35% and we established a clear masterplan for its future evolution. Working with the Local Authority various uses were planned and prepared including a new rooftop garden on on e of the multi storey car parks.
We successfully worked with the client to facilitate a sale of the asset ahead of forecast plan.
Project Details
Services provided
Asset & Development Managers and Investment Advisors
Client:
Acting on behalf of receivers
Appointed:
2019 and successfully sold 2021
Mix of Uses
Retail
Car park
Leisure
Food & Beverage
RivingtonHark as Asset Managers of Shopping City (Runcorn) on behalf of the Receivers worked closely and very collaboratively with Halton Borough Council over 2 years to help develop and evolve the asset into a mixed use town centre. They did so by engaging with the Council and our local partners, listening to the views of all stakeholders, including the public and trying to find solutions to make it work.
David Parr OBE
Chief Executive, Halton Borough Council
Image Gallery
