Following the recent completion of the purchase of 790,000 sq ft The Liberty Shopping Centre in Romford, RivingtonHark have confirmed the appointment of new leasing and professional advisors; Time Retail Partners and GCW.
The 13 acre prime asset dominates Romford town centre and is within walking distance of the new Elizabeth Line Station attracting over 17 million loyal customers annually. The Liberty boasts a strong tenant mix, including occupiers such as Primark, H&M, JD, Next, Footlocker and the new flagship Flannels store which recently opened.
RivingtonHark have ideas to improve and rejuvenate the asset which involves better connectivity to the residential areas, improvement in public realm and a well planned expansion of the existing town centre mixed-used offering. Time Retail Partners advised RivingtonHark on the purchase on behalf of funds they strategically manage.
Rob Hadfield commented
“We are excited by the opportunity to work with stakeholders, including The London Borough of Havering and existing/potential future occupiers to tap into and to continue to unlock the huge potential that exists in Romford. The Liberty has remained robust in the face of the challenges presented in recent years and there is a strong and vibrant platform to build upon. We see Romford continuing to evolve from strength to strength.”
Tony Carroll commented
“We are thrilled to have advised on the purchase and are excited to be appointed as leasing and professional advisors now to see through the business plan strategy. The Liberty has always performed well and retained robust tenant demand. Romford is well placed to witness population growth and increased footfall during weekdays cemented by the Elizabeth Line station. With this, the role of The Liberty will continue to evolve with the retail core being enhanced by improving the tenant mix and overall widening of uses within the asset. The Liberty will be further woven into the fabric of the Romford population.”
Duncan Kite commented
“We are delighted to be appointed on this strategically important asset. As a business we have a strong track record in town centre regeneration projects, particularly within London’s hinterland. The Liberty has many of the key ingredients to deliver lasting change, ensuring the town centre remains relevant to its already loyal catchment.”