Vixcroft Acquisition: The Sovereign Shopping Centre, Weston-Super-Mare

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.