Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-The Mall Corporation, the rapidly-expanding shopping centre fund run by Capital & Regional and Morley Fund Management, has bought the Marlands shopping centre in Southampton from Hermes for £49 million ($83 million).

The Marlands shopping centre offers 190,000 sf of retail in 48 stores over two floors linked via Asda to the 800 space Marlands Car Park. Retailers at the centre include a new two-level 60,000-sf) Matalan store, a three-level 10,000-sf Legends store, the Entertainer, Girl Heaven, the Pier, Bay Trading, West One, Cargo Homeshop and AV.

The purchase includes adjacent properties at 71/97 Above Bar Street which Hermes recently acquired. Following the recent acquisition of Castle Mall in Norwich, the Marlands will become the 15th centre in The Mall’s portfolio taking assets to £1.12 billion ($1.9 billion).

Ken Ford, Chief Executive of The Mall, said: “The Mall will reposition Marlands to become the city’s community shopping centre with both a strong local and national retail offer.”

Strutt & Parker and Blair Kirkman advised The Mall. Hermes was advised by CB Richard Ellis.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.