Repositioning of the Harvey Centre into regional retail hierarchy
Client: Addington Capital and Tristan Capital Partners
Location: Harvey Centre, Harlow, Essex
Services: Acquisitions, Disposals, Lettings and Lease Advisory
Brasier Freeth was invited to join the leasing team by the Landlords; Addington Capital, in a joint venture with Tristan Capital Partners, who purchased the Harvey Centre in March 2011.
Since then they have embarked on an aggressive asset management campaign to reposition the scheme in the regional retail hierarchy. Following a £1 million refurbishment of the interior of the Harvey Centre and a £5 million refurbishment and expansion of Primark, the Brasier Freeth Retail Team let 100% of the internal space. A host of deals was done with national retailers including HMV, Specsavers, Choice, Vision Express and Poundland.
Further transformation of the centre occurred in 2016 and a new £9 million leisure development with both cinema and restaurants branded ‘The Terrace’ opened in the Autumn. Coinciding with the Cineworld opening, 9 new retail units were created by subdividing the former M&S premises. The majority of these were pre-let including a 30,000 sq. ft. gym to Exercise 4 Less, Nationwide Bank, Holland & Barrett, F Hinds, a ladies fashion store and a branded coffee operation.
We have supported our Landlord client throughout their extensive redevelopment programme and will continue to act as joint agents for The Harvey Centre marketing new opportunities and advising our client on the lettings.