Northern Ireland

Website Editor • Sep 23, 2021

Ellandi eyes up further expansion in NI and ROI


 

Ellandi continues to expand its portfolio in Northern Ireland.

 

Ellandi has been appointed by receivers Andrew Dolliver and Luke Charleton of EY as Asset Managers for The Richmond Centre in Derry / Londonderry. The shopping centre on Ferry Quay Street joins Ellandi’s portfolio to become its fourth asset management mandate in Northern Ireland, alongside Bloomfield Shopping Centre in Bangor, Erneside Shopping Centre in Enniskillen and Omagh Showgrounds Retail Park.


Richard Hutchinson, Director, Asset Management in NI said: “There’s a lot of potential at The Richmond Centre and we’re delighted to be partnering with EY to realise this. We also see further growth in NI and expansion of the Ellandi platform into ROI as an exciting proposition that we are currently exploring.” 

 

David Cohen, Director, Investment, commented: “Ellandi has a long tradition of working with receivers and lenders and this is an area of the business that has significantly grown over the past 24 months. We believe that we can utilise the skills we’ve acquired from over 20 workout instructions, to implement a successful recovery for The Richmond Centre.”

 

The appointment of receivers over Richmond Shopping Centre took place in June. The shopping centre continues to trade in compliance with Government COVID regulations on a business as usual basis and the property managers (Lisney) of the Shopping Centre remain in place fulfilling their existing role. 

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.
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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.
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