Evolve Estates has acquired Beaumont Leys community shopping centre in Leicester for an undisclosed price.
The 10-acre scheme is anchored by Tesco Extra and Aldi, and key tenants include McDonald’s, Poundland, Boots and B&M, which has just committed to the former Wilko unit on a 10-year lease.
The shopping centre has recently benefitted from significant capital investment, including the development of a drive-thru let to Starbucks.
Sebastian Mcdonald-Hall, partner at Evolve, said: “The shopping centre is perfectly positioned for the local community; Beaumont Leys is a key district within Leicester and is home to several attractions that contribute to its vibrant life.
“Beaumont Leys is experiencing significant investment and residential development, and the area is a focal point for new housing projects that serve the wider Leicester area. Our team will build on the success, ensuring the asset continues to serve the local community with a variety of tenants that meet demand.”
The deal was brokered by Evolve on behalf of the purchaser L&C Investments and will be managed by Evolve. Savills and Cited acted for Evolve. Knight Frank and Lewis and Partners acted for the vendor.
