M Core snaps up over 218,000 sq ft of retail space in pair of shopping centre acquisitions
Sheet Anchor Evolve, part of M Core, has acquired 218,472 sq ft of retail space with the purchase of two shopping centres.
The group has acquired Eldon Garden in Newcastle City Centre and Northfield Shopping Centre in Birmingham, with Sheet Anchor Evolve set to asset manage both schemes.
Eldon Garden is a 80,000 sq ft city centre shopping destination located on Percy Street, with direct access to Eldon Square and a 480‑space car park. The scheme is arranged over three levels, comprising a shopping mall across two floors with prominent frontage onto Percy Street. Current occupiers include Tesco, The Goose Public House, Hunters Estate Agents, Mode Hairdressing, and PureGym, alongside a central café and restaurant space.
Northfield Shopping Centre comprises 138,472 sq ft across 43 units and two kiosks, located approximately six miles south of Birmingham city centre. The scheme serves a large catchment that includes Longbridge, Bournville, and Kings Norton, and occupies a prominent position in the heart of Northfield town centre.
The centre is currently home to a mix of retailers, that includes Greggs, JD Sports, Superdrug, Iceland, B&M, and anchor tenants Peacocks and Poundland. It is also supplemented by a multi‑storey car park that provides around 400 spaces.
Looking ahead, Lidl will deliver a significant redevelopment at Northfield Shopping Centre, representing substantial investment in the scheme. In addition, Sheet Anchor Evolve will invest into upgrading the appearance and façades of the centre. As part of these improvement works, the former Wilko unit will be removed, creating space for a new public realm area.
Danny O’Keefe, co‑founder at Sheet Anchor Evolve, part of M Core, said: “We are pleased to have secured both Eldon Garden and Northfield Shopping Centre, two well‑located assets serving established communities.
“Both centres provide essential retail and everyday services. At Northfield, we are delighted to be welcoming Lidl, which will require significant investment and upgrading, alongside public realm improvements and investment in the façades to create an asset the local community can be proud of.
“Our focus across both schemes will be on practical asset management, supporting occupiers and introducing uses that strengthen each location over time.”
Cited Property acted for Sheet Anchor Evolve.