A Lichfield city centre shopping precinct in under new ownership after a deal was completed.
Evolve Estates has acquired the Three Spires Shopping Centre.
Director Sebastian Macdonald-Hall said the deal was the company’s largest of 2022 so far.
“Lichfield is an affluent and thriving city that has good footfall from local shoppers and tourists throughout the year.
“Three Spires is a safe, pedestrianised centre that has a wealth of quality names already.
“There are five vacant units, ranging from a kiosk at 226 sq ft to a large anchor store of about 47,000 sq ft, previously occupied by Debenhams. Evolve’s asset management team are already well underway curating a repositioning strategy, bringing new leisure experiences to Lichfield.
“We invest in communities, helping to create vibrant places where people want to shop and visit, and are renowned in the industry for our proactive and intensive asset management.
“This approach not only adds value for our portfolios, but also provides a better and more diverse offering for users.
“We are excited by the possibilities at Three Spires Shopping Centre and will be working hard to attract more brands in retail, leisure and food and beverage to the heart of Lichfield.”
Sebastian Macdonald-Hall, Evolve Estates
The shopping centre, which attracts 9.9million shoppers a year, is the latest in a string of acquisitions by Evolve.
