Private clients of asset manager Maritime Capital have acquired the Castle Quarter in Norwich city centre for an undisclosed price.
The development, which opened in 1993 as Castle Mall, was Norwich’s first indoor shopping mall and in 2019 it was rebranded Castle Quarter as part of its transformation into a retail, leisure and entertainment space.
Maritime Capital is an independent, family-owned and run asset management business, which was founded by Toby Hunter and Max Hunter in 2013.
Max Hunter, head of asset management at Maritime Capital, said: “We chose to purchase Castle Quarter because it has so much potential. We were very impressed by the transformation that the centre has undertaken over the past five or so years, moving from traditional shopping centre with a leisure element, to now being a vibrant and growing social, leisure and lifestyle destination. But there is still so much to be done to ensure that Castle Quarter is the first place people think about when planning a daytime trip into Norwich or an evening out.
“We already have an exciting retail mix, with everyone from well-known high street brands such as Boots, TK Maxx and Trespass, to specialist independent stores like Itaewon Korean Supermarket, Ernie’s Zero Waste and Keiko. And our leisure and entertainment offering is fantastic, with Escape Hunt, Vue Cinema, Hot Pod Yoga, Drive Lounge, ArrowHeadz and many more, all under one roof. Our plan is to bring in even more entertainment brands to cement Castle Quarter’s position as the number one leisure venue in Norfolk.
“Whilst it is too early to share our detailed plans for Castle Quarter, we can say that we are committed to investing in the centre to further improve what it has to offer both leisure and retail customers. Our goal as a business is to add genuine value to the properties in which we invest and to the communities which they are based.”
Rob Bradley, centre manager of Castle Quarter, added: “We are delighted that Maritime Capital have confirmed that they are firmly behind our approach to creating events and initiatives that are accessible for everyone, including making space available in the centre for charities and community groups. We are looking forward to creating even more reasons for people to visit Castle Quarter over the next 12 months.”
