Estama appointed as asset manager at newly-acquired shopping centre
Focus Estate Fund has appointed asset and property management company to manage The Kingdom Centre in Glenrothes, following its recent acquisition of the scheme.
The largest indoor shopping centre in Fife, The Kingdom Centre is also one of Scotland’s largest single-level indoor shopping centres.
Focus Estate Fund’s acquisition of The Kingdom Centre was announced last week.
Located approximately 25 miles north of Edinburgh and 20 miles south of Dundee, the asset spans 430,000 sq ft and features 1,400 car parking spaces. Key tenants include Sports Direct, Boots, Home Bargains, Argos, JD Sports, and Specsavers.
Ross Campbell, director and head of asset management at Estama, said: “We are thrilled to have been appointed as Asset Managers for The Kingdom Centre, not only adding to our shopping centre portfolio but also in supporting a client who has recently purchased the scheme.
“With an enviable high footfall position in the Fife area, we hope to be able to attract new brands to the town and further strengthen the tenant mix.”
A spokesperson for Focus Estate Fund added: “[Estama’s] unparalleled expertise in retail management, approach to enhancing occupancy levels, and innovative approach to enhancing asset value made them the clear choice for us.
“We are confident that their strategic vision and hands-on management will transform our shopping centre into a vibrant, thriving destination for both retailers and shoppers alike.”