Vabeld UK Ltd
Originally arranged as 6 retail warehouse units with a communal car park, Mason Owen provides ongoing strategic asset management advice at Centurion Retail Park, with recent initiatives enabling the income profile of the investment to increase, whilst also generating increased footfall to the park.
Mason Owen have overseen the amalgamation of retail units and have facilitated the relocation of existing tenants to create a 20,000 sq ft retail unit, which has been subsequently let to Home Bargains. Iceland Foods signed up to take a further 7,500 sq ft. Following our client’s purchase of the adjacent York Road Retail Park in late 2015, Mason Owen have been heavily involved with further asset management initiatives, such as the combination of car parks to improve access off the A19 and the creation of a McDonalds drive thru restaurant.
Mason Owen continues to provide a full property management service at Centurion Retail Park to include ongoing service charge delivery and administration, rent collection, maintenance and facilities management.