1 Victoria Square Droitwich Spa, WR9 8DE
Ground floor retail unit to let.
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2 August 2023
A group of private investors have purchased Kingfisher Shopping Centre in Redditch for an undisclosed sum. Investment management firm Running Hare has acquired the 900,000 sq ft scheme from asset manager Capital & Regional and its capital partner Oaktree Capital Management, other sources have reported. The shopping centre was placed on the market by Savills last year with a price tag of £50m.
4 July 2023
Councillors in Worcester are to be asked to reconsider proposals to create a new arts venue at the Scala Theatre as costs spiral. Worcester City Council's Policy and Resources Committee will be asked next week to scale back the proposals, reducing the seating capacity of the venue from 500 to 300. This comes amid rising construction costs for the project, exacerbated by high inflation, leaving the council with a £3.
3 July 2023
LCP has acquired Weavers Wharf Shopping Park in Kidderminster from Nuveen Real Estate for an undisclosed sum. The 220,000 sq ft retail park is located nearby to the town centre and is home to tenants including Marks & Spencer, Next, TK Maxx, Café Nero, Boots, Sport Direct, McDonalds, and TruGym. A Premier Inn is also located on the site. LCP, a commercial property and investment company which is part of M Core, said the purchase is part of its "proactive acquisition drive" in retail assets across the country.