Retail Park
Prime scheme anchored by large Sainsburys foodstore. Retailers include Next, Sports Direct, Boots and McDonalds.
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Latest retail news in Theale
Major shopping centre sold out of receivership for £99m
Thu Apr 17 2025
A major UK shopping centre has changed hands after being sold out of receivership. Savills, on behalf of receivers BDO, has sold Festival Place in Basingstoke to MDSR Investments for a total consideration of £99.1m. Comprising over 1.1 million sq ft set over 20 acres, Festival Place dominates the commercial core of the Hampshire town. The scheme is anchored by Marks & Spencer, Next, and H&M, with other occupiers including Superdrug, Apple, Nando’s, Sports Direct, Five Guys, TK Maxx, and Vue Cinema.
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Asset manager appointed at Basingstoke's Festival Place
Wed Apr 16 2025
Asset and property management firm Estama has been appointed to manage Festival Place in Basingstoke, one of the largest shopping centres in the UK. The deal marks a major milestone for Estama since it became an Employee Ownership Trust, and continues the group's expansion of its managed portfolio in recent years. Spanning 1.2 million sq ft, Festival Place is is home to over 180 retailers including Next, Marks & Spencer, Sports Direct, H&M, and Rituals.
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Hollywood Bowl begins fit-out works at The Oracle Reading
Fri Apr 11 2025
Hollywood Bowl has begun fitting out works at Hammerson's The Oracle in Reading, with the bowling operator set to open this summer. Following a £4.5m investment, the venue will feature 24 bowling lanes, amusements, and a themed bar and diner. Hollywood Bowl is set to add to the existing leisure and F&B experiences on offer at The Oracle joining a mix of restaurants, bars, cafés, and a cinema.
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