We own and manage a portfolio of resilient retail assets that provide essential goods and services to communities across the UK. These assets provide affordable and well-located space that is compatible with the increasingly omnichannel strategies of retailers.

Total Portfolio Metrics

Date Stamp: HY24 Results as at 30 September 2023



£11.85 psf

Average Rent


Rent Collection


Retention Rate

Our Portfolio

Core Shopping Centres

Our core shopping centres are high performing assets in the hearts of their local communities which exhibit resilient retail characteristics. These are assets which are already fit for purpose with affordable rents alongside a resilient local and economic backdrop for which we believe there is a strong outlook. 

Date Stamp: HY24 Results as at 30 September 2023




Average Rent


Rent Collection

4.2 years


Top 10 Retailers across our Core Shopping Centres

Our top occupiers across our core shopping centres are resilient household names that focus on essential goods and services, and are well positioned to cater for the non-discretionary spend of local communities.


Rank Occupier % of NR Core Shopping Centres Rent Roll Total Stores Climate Commitments
1 Primark  3.2% 4

2 Superdrug  3.0% 7 95% decrease in emissions by 2030
3 Marks & Spencer 2.9% 2
4 Poundland 2.9% 7  
5 Next 2.1% 3
6 Boots 2.0% 6
7 Specsavers 1.5% 7  
8 Card Factory 1.5% 10  
9 Argos 1.5% 3  
10 Co-Op Group 1.4% 4  

Core Shopping Centre Key Assets

priory meadow


Priory Meadow
Shopping Centre

newtonabbey mall

Newtownabbey, NI

Abbey Centre
Shopping Centre

fareham mall


Shopping Village

glasgow avenue mall

Newton Mearns

The Avenue
Shopping Centre

Retail Parks

Our retail parks are quality assets that display the resilient retail characteristics that we have identified including convenience, online compatibility, liquidity and value add opportunities. From a management perspective, retail parks are cost effective with lower ESG demands and from a consumer perspective, they offer easy, accessible and free parking. 

Date Stamp: HY24 Results as at 30 September 2023




Average Rent


Rent Collection

6.7 years


Top 10 Retailers across our Retail Parks


Rank Occupier % of NR Retail Parks Rent Roll Total Stores Climate Commitments  
1 B&M Retail  10.4% 6  Well below 2-degrees  
Matalan Retail
7.8% 3
3 TK Maxx 6.6% 3
4 Homebase 6.6% 2  1.5 degrees  
5 Iceland Foods 6.2% 4    
6 Aldi 6.0% 2  
7 Halfords 5.1% 4    
8 Dunelm 4.7% 2
9 Pets at Home 3.9% 4    
10 Currys PC World 3.8% 2

Retail Parks Key Assets

aberdeen mall


Retail Park

barry mall


Retail Park

dewsbury mall


Rishworth Centre
Retail Park

sprucefield mall

Lisburn, NI

Retail Park

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