Thursday, 22 March 2018
Tunbridge Wells lands a retail heavyweight
All this is happening at the same time as British Land announces a £95m vote of confidence in Tunbridge Wells, with the agreement to purchase Royal Victoria Place from Hermes Investment Trust.
The news comes two years after Tunbridge Wells Borough Council approved a £70million plan to develop and expand the centre with more shops, restaurants and a cinema.
With £6.6bn of retail assets, the town, and it residents, must now be hoping British Land will quickly move forward with plans to revitalise what to many has become a shadow of its former self.
News the company spent more than £60m improving the Meadowhall shopping centre in Sheffield. It has also acquired the Woolwich Estate in South London for £103m to build upon its portfolio of Elizabeth Line-related properties including Broadgate, Paddington Central and Ealing Broadway, meaning the company will be well placed for when the rail line launches from Woolwich in 2018.