We believe that one size does not fit all, that’s why we tailor our services around your exact requirements.
Please tell us what type of user you are:
Vixcroft’s capability is particularly applicable to assets and portfolios that demand strong asset management and development capability.
July 2016 - Weston-super-Mare’s Sovereign shopping centre is set to change the image of traditional shopping centre food courts by offering six new units to national and independent local retailers, as well as adding a sense of fun to its food offering.
Read more
Weston-super-Mare's Sovereign Shopping Centre could be in line for a major expansion which would see two floors of restaurants built overlooking the town square.
Vixcroft (which bought the centre for £30million in January 2015) revealed this week its ambition to build a two-storey extension facing the Italian Gardens.
February 2015 - Vixcroft is excited to announce the completion of its purchase of the Sovereign Shopping Centre, Weston-super-Mare from Standard Life. The Sovereign Centre has been purchased with an asset management plan to improve net income and WAULT (weighted average unexpired lease term) through improvement of the tenant mix, encouraged by light refurbishment and reconfiguration of the entrances and mall areas.
Vixcroft was advised by CWM and Fawcett Mead.
Vixcroft’s capability is supplemented by significant institutional funding that is contributing into the acquisition and restructuring of real estate assets and corporate vehicles that hold real estate, where it can see potential to create added value. Vixcroft’s capability is particularly applicable (but not limited) to assets and portfolios that demand strong asset management and development capability.
Vixcroft completed its first deal (the purchase of the Octagon Shopping Centre in Burton-upon- Trent in late May 2014) and its second in December 2014 (the purchase of the Richmond Shopping Centre, Londonderry, NI). Vixcroft currently has one other shopping centre under offer.
Vixcroft acquired the Nicholsons Centre in March 2015. The centre stands on the site of the Nicholsons Brewery, which closed in 1960. The Centre comprises 200,000 sq ft and was developed in phases between then and 1995 and is anchored by a 792 space car park .It comprises the most important retail element in Maidenhead.
In January 2015, Vixcroft acquired the Weston-super-Mare Unit Trust, a JPUT which owns The Sovereign Centre, a 118,000 sq ft, enclosed Centre supported by car parking for 876 vehicles. The Centre comprises the principal shopping destination for Weston-super-Mare. It was originally opened in 1992.
Rivatalisation of Tenant Mix helps increase footfall in Burton
In May 2014, Vixcroft acquired the Octagon, a centre of 13,550 m² (145,846 square feet) originally constructed in 1990 and occupying a site of 4.412 hectares (10.9 acres), incorporating 770 surface parks spaces, anchored by Asda (55,000 square feet) and TK Maxx (24,000 square feet). The mall comprises 40 unit shops and connects the car park to New Street and the town’s other Centre, Coopers Square. Annual footfall at purchase was 4.5 million and has now increased to 4.9 million.