Asset manager appointed to Tunbridge Wells scheme
Asset management firm RivingtonHark has been appointed to advise on strategic decisions at Royal Victoria Place in Tunbridge Wells.
Tunbridge Wells Borough Council – which has owned the freehold of the centre since its construction in 1992 – recently acquired the long leasehold ownership of the scheme from British Land.
The purchase of the asset had cross-party support, with the council saying that is committed to ensuring the 475,000 sq ft scheme continues to play a strong role in maintaining the town’s attractiveness for residents, employers, and visitors.
Day-to-day management of the scheme – which contains 99 units and is anchored by Fenwick and M&S – will be handled by Knight Frank.
Mark Williams, executive director and co-founder of RivingtonHark said: “RivingtonHark is delighted to support Tunbridge Wells Borough Council following this strategically important acquisition. Royal Victoria Place offers huge potential to improve the wider town offering and we look forward to working with the Borough Council in evolving and influencing those plans.”
Earlier this year, RivingtonHark was appointed as asset manager on regeneration projects in Shrewsbury and Fareham.