Estama, the commercial property and asset management specialist, has been appointed as the new Asset Managers for the Princess of Wales Shopping Centre in Dewsbury.
This strategic appointment builds upon Estama’s existing track record of success for the shopping centre’s owner, for whom they already manage the Swansgate Shopping Centre in Wellingborough and Pescod Square Shopping Centre in Boston.
This extension of Estama’s mandate to include Dewsbury follows their strong results in increasing the occupancy rates and income across both existing managed assets, combined with reductions to operational costs that have resulted in strong increases to NOI across both assets.
The 83,060 sq ft Princess of Wales Shopping Centre is home to 26 occupiers, including nationally recognised retailers such as Boots, Greggs, Vodafone, and EE.
Estama’s remit is to revitalise the centre and collaborate closely with the owners, and key local stakeholders, to ensure the site reaches its full potential.
“We are delighted to have been appointed as Asset Managers for the Princess of Wales Shopping Centre and to continue to work alongside the owners to reinvigorate this important retail destination,” said Ross Campbell, Estama’s Director and Head of Asset Management.
“It’s gratifying to see the confidence they’ve placed in our team, following the success of our work at both Wellingborough and Boston.
“We are committed to driving positive change and creating a thriving, vibrant shopping environment for the community,” he added.
