Our asset management skills have become an increasingly important resource within our business.
We purchased Chequers Court for £6m as an investment asset and we have turned a 1960s shopping centre into a vibrant retail destination for the local community.
Now rebranded as Chequers Shopping Centre the Zone A rents have increased from £15.00 to £50.00 and the shopping centre continues to perform strongly.
The regeneration of Huntingdon was first carried out in partnership with Huntingdon District Council and Sainsburys to create a first phase of new shopping facilities. More latterly the District Council has constructed a major new multi-story car park following which the Manormaker Partnership LLP constructed a new 60,000sqft extension which has provided new anchor tenants for the town such as M&S Food Hall, Next and TK Maxx.
Our development was Highly Commended for the Best Commercial Project at the Building Excellence Awards 2018.
We have engaged in a process of active management and as a result the shopping centre has attracted an interesting mix of independent and national retail outlets. In the last year shops have been let to 3 Store, Magnet, Holland and Barrett and Cards Direct as well as Churchmanor successfully renegotiating existing leases for occupiers within the town.