Victoria Centre, Southend On Sea

Working on behalf of Southend Borough Council, the Rivington Hark team acquired the Victoria shopping centre in December 2020. Rivington Hark 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 Wilko, Next, Boots, Poundland and New look.

RivingtonHark supported the Council and its investment adviser, Carter Jonas, on the due diligence for the purchase and are the appointed Asset Manager to take the asset forward.

As Asset Manager, the Rivington Hark team provide strategic and forward thinking advice to ensure this landmark asset’s long term future is sustained in the heart of South End on Sea. A comprehensive business plan is now in place and the team look forward to working with South End Borough Council to take it forward. The teams immediate focus will be to invigorate and revitalise the existing offer. The team will analyse and outline further investment strategies to ultimately increase footfall and support longer term business sustainability.

The Victoria Centre occupies a strategically important location at the heart of the town centre and the medium and longer term plans for the asset will evolve to ensure it is integrated within the wider regeneration of the town.

Project Details

Services provided
Asset Management / Leasing Management / Development Management

Client
Southend Borough 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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