Property manager sees no let-up in investment post-EU referendum
Property manager Capital and Regional has said there’s been no let-up in investment despite the Brexit vote.
The firm, which mainly owns shopping centres, insisted letting activity has remained strong, having made 27 new lettings this year, and has advanced plans for re-letting units previously occupied by BHS with “strong new tenants improving the schemes”.
It also said there has been “positive leasing momentum” since the referendum across its portfolio, with 29 permanent new leases or renewals exchanged or completed since 24 June.
Meanwhile, the firm is targeting the end of the year to submit planning for its Walthamstow scheme, a 92,000 sq ft extension to its The Mall shopping centre with over 400 residential units, and said discussions with its preferred development partner – housebuilder Barratt – are continuing.
It added that “pre-letting momentum” on the project has been maintained with offers received from “two major national operators”.