GCW ADVISE NEW OWNERS FOR COALVILLE’S BELVOIR CENTRE

July 12, 2019

After many years of ownership by an Institutional Investor, the Belvoir Centre in Coalville has new owners following its acquisition last week by Gylo, a private property investment unit trust.

Specialist Property and Development Consultancy Lathdale has been appointed by Gylo to lend its retail expertise to improve the overall management of the shopping centre and also explore new opportunities.

As part of the plans and to enable the purchase, North West Leicestershire District Council’s Cabinet agreed to sell the car park surrounding the Belvoir Centre to the new owners at a special meeting on Monday 10 June.

Nick Harcus of Lathdale said, “We’re delighted to be working with both Gylo and North West Leicestershire District Council. We will be getting to work straight away on a proactive letting strategy for the currently vacant shops as well as looking at new investment and development options. We will keep local people and businesses fully informed as new initiatives happen.”

Councillor Richard Blunt, Leader of North West Leicestershire District Council, said: “When we made Coalville’s regeneration a council priority four years ago, we knew we could only focus on the things within our control, and that a big part of the town centre – the Belvoir Centre – was outside of that remit.

 “We’re pleased that a private investor is seeking to make a difference to this part of the town. The way people spend their leisure time is different now and a varied town centre is crucial to drawing people in. We want Coalville to grow with this change and be a place where people want to live and spend their leisure time, and where businesses thrive and invest.

“People often compare the town to Swadlincote and ask why similar investment can’t happen in Coalville. We’re happy to work with the new owners by making our land available in order to facilitate further investment in the town centre.”

 GCW acted for Gylo and Jackson Criss acted for the Institutional Investor

Latest News

Sunderland hotel gets green light as deal paves the way for construction

June 29, 2020 - 13:03

Work on a new hotel that will stand in the centre of Sunderland is set to get underway. The 120-bed Holiday Inn Hotel, that will overlook the city centre’s Keel Square, will begin to rise from the g[...]

+ Read More

RIXO TAKES HAMMERSMITH OFFICES

June 11, 2020 - 11:43

Leading British Women’s fashionwear brand Rixo have taken 4,000 sq ft of offices, on a new 10-year lease at the newly completed Barrel Yard in Hammersmith, joining business training and development [...]

+ Read More

GREEN & PARTNERS ANNOUNCE PROMOTION AND SENIOR HIRE

June 1, 2020 - 12:21

Green & Partners has announced that Matt Beardall has been promoted to Equity Partner and Tom Plaine has joined as a Partner. Matt works within the firm’s Agency Team having joined Green & P[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR