Redhill shopping centre sold to private investor

16th February 2023 | Phoebe Dobke

Belfry Shopping Centre has been sold to an investor for more than £17m. The scheme was put on the market in 2022.

The sale was completed last week, negotiated by joint agents Knight Frank and Lambert Smith Hampton.

Less than 30 minutes from London, the scheme is the heart of Redhill’s retail offering and an excellent investment opportunity according to representing agents.

The sale also includes a total 16,125 sq. ft of office space across two blocks, as well as four residential units located on Station Road.

Redhill is currently undergoing extensive regeneration to transform its retail and entertainment offering.

The highly-anticipated Marketfield Way leisure development is nearing completion as well as several recently-completed residential developments in the town centre.

Earlier this month town centre development, The Rise, announced it had reached three quarters of it’s letting capacity as has begun to transform the scheme’s entertainment space.

The council-owned scheme will offer a six-screen cinema, a retro arcade, a nine-lane bowling arcade, mini-golf, and various other “surprise” leisure offerings.

Keith Shiells, Director at LSH, Belfast, said: “The sale of Belfry Shopping Centre generated strong levels of interest and highlights that investor appetite remains positive for shopping centre assets, underpinned by strong fundamentals.”


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