Victoria Centre, Southend-on-Sea
Working on behalf of Southend-on-Sea City Council, the RivingtonHark team acquired the Victoria shopping centre in December 2020. RivingtonHark are appointed as Asset Manager to implement next stage investment and occupation strategies. The scheme comprises some 340,000sqft of retail and leisure anchored by Next, Boots, Poundland, New Look, Boom Battle Bar and Indirock.
OBJECTIVE:To revitalise the existing offer and evolve the asset into one which consists of a mixture of uses and provide strategic investment advice to ensure the asset’s long term future in the heart of Southend-on-Sea.
ACHIEVEMENT:
RivingtonHark supported the Council and its investment advisor, Carter Jones, on the due diligence for the purchase of the centre back in December 2020. The RivingtonHark team have continued to work on their strategy of introducing a wide range of uses to the asset with the introduction of new uses such as leisure, public health services and digital advertising screens. The team has introduced new Leisure uses such as indoor bouldering wall business Indirock, Boom Battle Bar and the immersive entertainment operator SpyMissions. The teams continued focus is to revitalise the existing offer and outline further investment strategies to increase footfall and support longer term business sustainability. The Victoria Centre occupies a strategically important location at the heart of the city and the medium and longer term plans for the asset will evolve to ensure it is integrated within the wider regeneration of the city.
DESCRIPTION:
Located in the heart of Southend, The Victoria Centre has over 335,000 sq ft of retail and leisure anchored by Next, Boots, New Look and Boom Battle Bar. The scheme also a 590 space car park. The asset offers a diverse range of uses including Leisure offers such as Indirock and WelcomeGym, all the way through to healthcare options at two separate NHS uses.
For more information visit the Victoria Centre website: www.victoriasc.co.uk
Project Details
Services provided
Asset Management | Leasing Management | Development Management
Partner:
Southend-on-Sea City Council
Appointed:
2020
Mix of Uses
Retail
Car park
F&B
Residential
Leisure
The acquisition of Victoria Centre is a key part of the Council’s longer-term masterplan for the town centre and enables us to directly influence the pace and direction of change at this strategically important gateway site at the top of the High Street.The RivingtonHark team assisted us and added value during the acquisition with business planning advice and due diligence. Now, in the role of asset manager they bring a wealth of experience, devote senior resource and are delivering ahead of the business plan.
Alan Richards
Director of Property & Commercial, Southend Borough Council
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