CREFC Europe & Ellandi Guide to Managing Retail - An Evolving Market Place

Dec 31, 2021

David Cohen, Director, Investment at Ellandi in collaboration with CREFC Europe

A collaborative report from David Cohen, Director, Restructuring & Investment Ellandi and David Dahan, Industries Initiatives Director, CREFC Europe shares expertise on 'Guide to Managing UK Retail - an evolving market place'.
 

“Retail is an operational, complex and evolving asset class and this report aims to support CREFC members with assessing or re-assessing existing retail loan exposures and asset management strategies.'

The paper seeks to recognise some of the operational and credit difficulties facing lenders, as well as the actual and potential options available for managing the assets in a distressed situation and realising recoveries from their retail loans.” says David.

Thanks to Wilhelm Hammel DRC Savills Investment Management, Simon Longfield ,FRP Advisory Graham Spoor and Stephen Springham Knight Frank and Kumar Tewari, Katten Muchin Rosenman LLP for their contribution to and active participation in this project.


Click here to read the report

13 May, 2024
We’re excited about Delivering Retail Plus. We are asset and development managers who invest in and create urban places with purpose. We are 16 years young, B Corp certified, and proudly independent since day one. We currently manage 18 retail-led assets across the UK, from Bradford to Chatham, from Leicester to Milton Keynes and Blackpool to Yate. We work with owners, global investors, local authorities, and lenders. For communities, retailers, hospitality and leisure operators, and healthcare providers. We transform spaces into places: places that attract and serve everyone in their communities. Places that create a sustainable impact for the businesses we partner with and the local lives we enrich. We call this Retail Plus: aligning social and financial agendas to improve the performance of both. If you’d like to know more please get in touch with one of our team. A few of us will be speaking at UKReiif next week!
Food and Beverage Reimagined

F&B Centrepiece at Midsummer Place

07 May, 2024
We've taken a unique approach to reinvigorating space at Midsummer Place, our destination shopping centre in Milton Keynes. Using the light filled area within the centre, we installed eight food and beverage pods offering a range of world cuisines for shoppers and visitors to enjoy. This open air feel with wooden picnic benches gives the impression of being outside and has been a real success in adding back a vibrancy to the shopping centre, not only encouraging dwell time but creating a real connection with local businesses and visitors alike. 'We wanted to create dwell time in the Boulevard, rather than it just being a space shoppers passed through' says Tom Ellams, Senior Asset Manager, talking to Retail Destination on the challenges and vision for Midsummer Place.
Lane7 and Frasers Group's Sport Direct are latest additions to Midsummer Place in Milton Keynes

Ellandi secures a major double deal for Midsummer Place

21 Mar, 2024
Frasers Group's Sports Direct and Lane7 will be the latest new additions to the line at Midsummer Place in Milton Keynes, set to open in 2024 / early 2025. Sports Direc t is a leading retailer of sports and fitness with stores across the UK and internationally. This 50,000 sq ft store will offer the world’s biggest sports and lifestyle brands across footwear, clothing, and equipment, and the store will also feature more brands from Frasers Group’s ecosystem including USC, Evans Cycles, and GAME. Lane7 Ltd will occupy circa 40,000 sq ft which will see the company’s 18th opening in the UK. Both brands will be in the former Next Beauty & Home unit across three floors and join other well-loved brands and retailers that have historically made Midsummer Place the ‘fashionable quarter’ and a first choice for customers looking for the latest trends and aspirational shopping. Lane7 will occupy the basement floor. Simon Anderson, Asset Management Director at Ellandi, said, “Securing both Frasers Group’s Sports Direct, and Lane 7 for Midsummer Place demonstrates both confidence in the market as well as highlighting the opportunity at Midsummer Place. These brands will complement the recent re-development of The Boulevard F&B quarter. We are transforming the centre, and in addition to the physical changes we are curating a very attractive tenant mix. This brings us one step closer to realising our vision to create a high-end, quality destination.” The strategic collaboration marks a significant milestone for Midsummer Place, reinforcing its commitment to creating a destination that is innovative with a diverse offer in the heart of Milton Keynes city centre. These major signings follow the recently completed development of the popular Boulevard which has seen eight independent luxury cabins open to create a food court that provides cuisines from around the world coupled with recognised F&B occupiers Leon, Starbucks, and Pret A Manger. A Frasers Group spokesperson commented: “We are pleased to be opening a new, elevated retail destination in Milton Keynes’ Midsummer Place. The Sports Direct store will give customers access to the world’s best sports and lifestyle brands, as well as bring other brands from the Group’s ecosystem, including USC, Evans Cycles, and GAME, to the location.” Gavin Hughes, Managing Director at Lane7 added, “This will be our biggest Lane7 to date and we can’t wait to come to Midsummer Place, bringing our unique brand of entertainment and hospitality to Milton Keynes.” Midsummer Place opened in 2000 and currently includes retailers, BOSS, Zara, Michael Kors, Tommy Hilfiger, Victoria’s Secret, Hollister, Superdry, New Look, Tesla, LEGO®, and Apple, among others. Further information, including timings, are expected to be announced in the coming months.
More Posts
Share by: