Savills wins Corby instruction
Published: 09 April, 2015
Europa Capital Partners & Sovereign Land instruct Savills on Corby retail scheme
Savills has been instructed as the managing agent, joint retail leasing agent and professional services advisor at Willow Place and Corby Town shopping centre in Northamptonshire, following its acquisition by Europa Capital Partners and Sovereign Land. The entire centre was purchased for £71.7m earlier this year, reflecting an initial yield of 7.25 per cent.
The 702,355-sq ft scheme encompasses the whole of Corby town centre’s retail area, including Willow Place, Corporation Street and Oasis Retail Park. It incorporates 146 retail units of which Primark and TK Maxx are the prime anchors. Other national retailers include H&M, River Island and New Look.
Andrea Spencer, property management director at Savills, said: “Corby is a prominent retail destination with huge potential and we look forward to working with Europa and Sovereign Land to further improve the offer.”
Innes England is joint retail leasing agent with Savills.