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Clearbell acquires Gates shopping centre



Clearbell Capital LLP is a leading private real estate fund management business. 

It announced recently the purchase of the Durham-area Gates Shopping Centre.  Located in the site of a former cathedral, a historic building, Gates Shopping Centre houses thirty shops including: Yorkshire Trading Company, Bon Marche, Shoe Zone, Wilkinson’s, Santander, Bambinos, Yorkshire Linen Company, Poundland, Ding Dong Vintage, and The X Catalogue. The selling price for The Gates Shopping Centre’s property in the university city of Durham is rumoured to be £11.85 mln or approximately €14.9 mln. 

The mall retail space is 130,079 square feet including 49 retail units. There is space for 473 cars. The land also includes six residential properties which can be rezoned. 

Clearbell executives have announced that the company plans to manage the existing Gates Shopping Mall. Clearbell intends to repurpose the additional space for new leisure facilities for the local area. Plans include 30,000 square feet of restaurants. The leisure area focus on a multi-screen cinema—the largest in the area. Clearbell also intends to provide three hundred student residences thus integrating the student population of the Durham area into this multipurpose facility.

Nick Berry of Clearbell told media that he and his partner were excited by the well-located Durham-area mall. The partners see lots of possibilities to enhance the shopping experience and add dining and entertainment to the mix.

More about shopping malls in the USA



DAY BEFORE YESTERDAY, Taiwan:
Dutch studio MVRDV has transformed an abandoned shopping center in Taiwan into an unusual public space.
DAY BEFORE YESTERDAY, Israel:
In Israel, a national quarantine begins to operate again from September 18, 2020.
DAY BEFORE YESTERDAY, Sweden:
Shoppers will select goods from different stores in the mall on one website and then pick them up conveniently.
Sep 17, 2020, Spain:
The outlet begins its countdown and fires the starting signal during the "Digital Lighting" event.
Sep 17, 2020, China:
Maison Martell officially opened L'Atelier Martell Shenzhen - a luxury boutique where you can taste and buy exclusive varieties of cognac.
Sep 17, 2020, USA:
The new retail store layout is expected to be very convenient for quickly and safely receiving online orders.
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