Ellandi tuck into Special K
Posted by Morgan on 21st Sep 2011
Ellandi and Curzon Capital Partners III, a fund managed by Tristan Capital Partners have acquired the Newlands Shopping Centre in Kettering.
The acquisition is the first acquisition made by the joint venture, it has intentions of building a £150m portfolio of value and convenience shopping centres.
The Newlands Centre has a strong and loyal catchment and Kettering is a growth area, benefiting from an increase in housing and it's proximity to London and the motorway network.
The centre had tenants such as TK Maxx, Iceland, Boots, WH Smith and Poundland. There are also opportunities to undertake redevelopment and to attract other major retailers to the scheme. We hope to work closely with Kettering Borough Council to unlock this potential.
We are delighted to have closed a hat trick of deals this summer and will now be focused on applying our intensive asset management regime to add value to all three properties.