Vale-Retail Schemes


Shopping Centres Vale Retail has interests in three shopping centres in the UK and recently purchased its first shopping centre in Germany. UK The Cornbow Shopping Centre, Halesowen The first purchase by Vale Retail in 2001. The scheme is 146,000 sq.ft. The principal anchor stores are New Look, Argos , Peacocks and Bon Marche. Planning consent has been secured and redevelopment commenced of one side of the shopping centre with the creation of a new 75,000 sq.ft. Asda store on two levels and a new 588 space decked car park. The scheme is due for completion November 2008. Ankerside Shopping Centre, Tamworth Purchased in 2005. The shopping centre is some 210,000 sq.ft. The principal anchor stores being Dunnes, Boots, HMV, Iceland and Dorothy Perkins. Attached to the scheme is a 650 space car park previously under the management of the local authority. Vale Retail has taken over the car park and spent circa £1.5 million on a complete refurbishment and has let the car park to APCOA on institutional terms. Garden Square Shopping Centre, Letchworth Purchased in February 2007. This is a single level scheme in the centre of one of the UK 's first garden cities. Anchor tenants are Marks & Spencer, Iceland, Boots, Peacocks and Woolworths. The scheme is 130,000 sq.ft. and Vale Retail is presently working on opportunities for redevelopment / refurbishment of various areas of the scheme including the Market Hall and consented development opportunities for retail and residential at the front of the scheme at Ley's Avenue. Germany City Centre Scheme, Herne Vale Retail purchased its first scheme in Germany in June 2006, the City Centre Scheme in Herne . Herne is a town of some 70,000 people and the scheme totals some 15,000 square metres. 4,000 square metres of the accommodation has been vacant for some years and Vale Retail is presently working with their advisors on plans for reconfiguration of space, its letting to new anchor tenants and the complete refurbishment of the shopping centre.

Shopping Centres

Vale Retail has interests in three shopping centres in the UK and recently purchased its first shopping centre in Germany.

UK

The Cornbow Shopping Centre, Halesowen

The first purchase by Vale Retail in 2001. The scheme is 146,000 sq.ft. The principal anchor stores are New Look, Argos , Peacocks and Bon Marche.

Planning consent has been secured and redevelopment commenced of one side of the shopping centre with the creation of a new 75,000 sq.ft. Asda store on two levels and a new 588 space decked car park.

The scheme is due for completion November 2008.

Ankerside Shopping Centre, Tamworth

Purchased in 2005. The shopping centre is some 210,000 sq.ft. The principal anchor stores being Dunnes, Boots, HMV, Iceland and Dorothy Perkins.

Attached to the scheme is a 650 space car park previously under the management of the local authority.

Vale Retail has taken over the car park and spent circa £1.5 million on a complete refurbishment and has let the car park to APCOA on institutional terms.

Garden Square Shopping Centre, Letchworth

Purchased in February 2007. This is a single level scheme in the centre of one of the UK 's first garden cities.

Anchor tenants are Marks & Spencer, Iceland, Boots, Peacocks and Woolworths.

The scheme is 130,000 sq.ft. and Vale Retail is presently working on opportunities for redevelopment / refurbishment of various areas of the scheme including the Market Hall and consented development opportunities for retail and residential at the front of the scheme at Ley's Avenue.

Germany

City Centre Scheme, Herne

Vale Retail purchased its first scheme in Germany in June 2006, the City Centre Scheme in Herne .

Herne is a town of some 70,000 people and the scheme totals some 15,000 square metres. 4,000 square metres of the accommodation has been vacant for some years and Vale Retail is presently working with their advisors on plans for reconfiguration of space, its letting to new anchor tenants and the complete refurbishment of the shopping centre.