10th April 2019
NEW INSTRUCTION - EASTGATE SHOPPING CENTRE, BASILDON
Sovereign Centros are pleased to have been instructed as Asset and Development Managers for the Eastgate Shopping Centre Basildon on behalf of InfraRed Capital Partners.
The Eastgate centre is the focus for retail in Basildon town centre comprising some 750,000 sq ft of prime space, let to over 100 tenants including anchor stores for Debenhams, Asda and Primark. The centre has 1700 integrated car parking spaces. The centre offers huge potential for introducing new leisure and residential components.
This is the second mandate Sovereign Centros have received from InfraRed over the past 9 months after taking over St Georges shopping centre Preston in July 2018.
Chris Geaves, CEO of Sovereign Centros, commented “we are delighted to be working on our second project with InfraRed. Basildon, like Preston, offers really interesting growth potential and we are looking forward to working up and promoting our master plans of improvement “