M Core completes trio of regional acquisitions
M Core has looked to strengthen its regional presence with the acquisition of assets in Hull, Durham, and Clevedon, Somerset.
The property collective has acquired Queens House in Hull, a mixed-use island site extending to 147,116 sq ft.
The asset is situated on King Edward Street, Jameson Street, Paragon Street, and Chapel Street in the heart of Hull’s main retail and cultural district, directly opposite the £96 million Albion Square regeneration project. It benefits from frontages onto fully pedestrianised streets, and is home to a mix of national and independent operators.
The property includes a substantial block of retail accommodation and upper floors, offering potential for active management and potential future alternative uses, in line with the Hull City Council’s ambition to deliver more than 2,500 new homes in the centre by 2032.
M Core has also acquired Newton Hall in Durham, a 56,210 sq ft neighbourhood parade comprising 25 units. The asset is home to a blend of residential and everyday local services, including beauty, convenience, estate agency, florist, and leisure operators. The scheme serves an established community catchment, with opportunities to refresh the tenant mix and strengthen the local offer over time.
Finally, M Core has purchased The Triangle Centre in Clevedon. Offering over 59,000 sq ft of retail and office space, the scheme is anchored by B&M, Boots, and Superdrug. It benefits from a central location with ample parking and an affluent catchment.
LCP, part of M Core, will lead the asset management across all three properties.
James Buchanan, group managing director at M Core, said: “These acquisitions set a positive tone for the year ahead. Queens House is a major city-centre asset with clear long-term potential, while Newton Hall and the Triangle Centre offers resilient neighbourhood retail in a well-established community. Both align with our approach of disciplined investment and intensive management, supporting local economies and delivering value over time.”
M Core said its asset and property management teams will begin immediate engagement with occupiers, local authority partners, and stakeholders across each site, focusing on leasing momentum, operational improvements, and the evaluation of future opportunities.