2/28/2024
Poundland And Inspiration Trust Join The Line Up In Norwich City Centre
National commercial property and investment company, Evolve Estates, part of M Core, has welcomed Poundland and Inspiration Trust, to Norwich City centre site.
These new additions to the 160,00sq ft site, are a true testament of the fast paced and action led asset management that is key to Evolve's strategy when acquiring new assets. It also reaffirms the ongoing partnership with Poundland, as they upsize from their current location into a 23,000 sq ft on St Stephens Street.
Jordan Pepper, Acquisitions Manager at Poundland said "We can't wait to relocate to our new home in the former Primark store where we'll have the space to bring our best offer to the city - including amazing Pepco clothing for all the family and our all-new general merchandise ranges. Of course, we'll also carry shoppers' favourite grocery items too.... all at the amazing value we promise shoppers. We're excited to welcome both our regular and new shoppers to our brand-new home at St Stephens."
Chris Daly, Head of Asset Management at Evolve Estates, said "We're excited to add Poundland and Inspiration Trust to our tenant line up in Norwich, taking over 20% of the total floor area of scheme and driving the performance of the asset within the first quarter of ownership. The speed of implementing Evolve's leasing strategy throughout our portfolio continues to demonstrate our best-in-class asset management. These lettings uphold our commitment to improving our assets to support the local communities we work with."
In addition, Inspiration Trust has taken on an area of 13,606 sq ft at 5 Surrey street, Norwich.
Mark Fitzpatrick, Director of Operations at Inspiration Trust said Expanding study and office spaces is an important part of ensuring we are providing the best education and work environment for our students and staff.
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Our Estates and IT teams are scoping out the best way to remodel the building, and we're really looking forward to sharing details as the plans progress."
Kat Behbahani continues to lead the asset management team for this site and can be contacted at kbe@evolveestates.com
