Blaydon Town Centre, Gateshead
Asset management, refurbishment and new development of the town centre
Blaydon Town Centre, Gateshead
A 1970’s Shopping Centre that is the town centre, was in need of significant improvement
Key Facts
- A joint venture with Rockspring to asset manage, refurbish and develop.
- The town centre had a number of investment and development opportunities.
- 93,000 sq ft of existing space.
- Planning permission and purchase of council land achieved for major enlargement.
Project Highlights
- Permission achieved to double the size of the centre.
- Prelet 70,000 sq ft supermarket to Morrisons and 20,000 sq ft to Home Bargains and Poundland.
- Asset management of the centre increased both the income by 43% and the lease length by 52%.
- Acquired the site of a Doctors Surgery and built a new facility for the practice.
- All done within 4 years.
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Blaydon Town Centre, Gateshead
Asset management, refurbishment and new development of the town centre
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