M Core acquires pair of Midlands retail assets
Sheet Anchor Evolve, part of the M Core group, has acquired two retail assets in Coventry and Birmingham.
The group has acquired Lower Precinct in Coventry, a fully let shopping centre which extends to approximately 221,600 sq ft. The scheme is anchored by national retailers including H&M, New Look, River Island, Superdrug, and Home Bargains.
Sheet Anchor Evolve has also acquired The White House and 5-9 Lower Temple Street in Birmingham. Located adjacent to New Street Station, the asset comprises three adjoining buildings and extends to approximately 60,000 sq ft, providing a mix of retail, leisure, and office accommodation. Occupiers include Be At One, Archies, and Tim Hortons.
Sheet Anchor Evolve will lead on the ongoing management of the scheme.
Danny O’Keefe, co-founder of Sheet Anchor Evolve, said: “The Midlands is a core market for us, where our local knowledge and long-term approach allow us to identify assets with strong fundamentals and clear growth potential. These acquisitions reflect our focus on centres in established locations, where active management and close occupier relationships can support sustainable performance.”
Sebastian Macdonald-Hall, chief investment officer at M Core, added: “These acquisitions align with our wider strategy of disciplined investment in strong locations, supported by experienced in-house management through Sheet Anchor Evolve.”