Sole advisers appointed at Hampshire shopping centre
Sovereign Network Group (SNG) has appointed FMX Urban Property Advisers as sole advisers at Princes Mead Shopping Centre in Farnborough, Hampshire.
The 149,000 sq ft shopping centre is anchored by tenants including Asda, Smyths Toys, Boots, Decathlon, and JD Sports. NewRiver is the scheme’s asset manager.
SNG acquired the shopping centre in 2023 and is now looking to focus on a strategy for Princes Mead that will strengthen its position as the dominant retail offer in Farnborough.
Nick Symons, partner at FMX, said: “It is great to see that the scheme has retained its central role in the town centre, despite all the changes in shopping habits and new competition in this part of Hampshire. Our job now is to ensure it is fit for purpose for another 30 years.”
FMX said it will look to shape a tenant mix that works for both customers of today and the future.
Princes Mead Shopping Centre joins a number of schemes in FMX’s portfolio, including The Spires in High Barnet, Hale Leys in Aylesbury, and Royal Priors in Royal Leamington Spa.