Find in the news:
BY COUNTRY

Hammerson snaps up Brum’s Martineau Galleries



Hammerson has taken full control of development opportunities having acquired the remainder of the Martineau Galleries.


2jbtniq.jpg


CoStar revealed last year that Hammerson had made an offer to take full-control of the site after Benson Elliot had gone under-offer to buy the opportunity for circa £28m.

In a statement, Hammerson said: “Hammerson confirms that it has acquired the additional interests in the Martineau Galleries joint venture in Birmingham, giving it 100% ownership of the site.

“This acquisition will enable Hammerson to consider a number of potential strategic development opportunities in the medium term and clearly demonstrates the company’s commitment to Birmingham as a city with some of the UK’s most exciting investment prospect.”

The Martineau Galleries Partnership, a joint venture between Land Securities, Hammerson and Pearl Group, brought to market for sale its long-mooted circa £600m Martineau Galleries development opportunity in the centre of Birmingham via Knight Frank last year.

The site currently includes the 270,000 sq ft 'The Square' shopping centre, two vacant offices in Dale End, two NCP car parks and a parade of shops. It has a circa £2m rent roll.

The partners had a consent first awarded in 2006 that lapsed at the end of last year for a circa £600m GDV scheme comprising 915,000 sq ft of shops, 270,000 sq ft of offices, a 320,000 sq ft hotel or 850 homes, 215,000 sq ft of leisure space and 54,000 sq ft of cultural space.

The partners and council have explored a reduction in the amount of retail planned for the area in favour of more homes and offices and it is understood that the site has been marketed as both a retail-led opportunity as well as a revised scheme more focused on other uses such as student housing, residential or leisure.

It is unclear what Hammerson plans to do with the site.

Knight Frank represented The Martineau Galleries Partnership.

More about shopping malls in the United Kingdom



DAY BEFORE YESTERDAY, USA:
The company is also preparing to open seven new stores in China.
DAY BEFORE YESTERDAY, USA:
The brand alleges "counterfeiting, trademark infringement, unfair competition, dilution, and copyright infringement,"
DAY BEFORE YESTERDAY, USA:
Ikea integrates SCExpert platform into fulfillment centers and stores in more than 31 countries.
Jun 1, 2023, USA:
The 2,600-square-foot outlet is located in East Hampton, N.Y.
Jun 1, 2023, United Kingdom:
The tenth store in the new experimental concept opened in Henfield, West Sussex.
May 31, 2023, USA:
Sales of major brands continue to grow, despite the difficult economic situation.
Friend
and Follow
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Westfield Santa Anita ADDRESS: 400 S. Baldwin Ave. Arcadia, CA 91007
USA . Arcadia
Westfield Santa Anita


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us