M Core acquires Somerset Shopping Centre in UK
We look forward to working with local shoppers and our tenants to ensure Falkland Square continues to provide the amenities they need and want on their doorstep.
National commercial property and investment company Evolve Estates, part of M Core has acquired a shopping centre in a Somerset market town, its ninth acquisition of the year.
It has added Falkland Square to its rapidly burgeoning retail portfolio after buying the 11-unit retail centre in Crewkerne for an undisclosed price from an investment company.
The 23,266 sq ft centre comprises the south parade, with six commercial units on the ground floor and two flats and an office on the first floor, and the north parade, which has five commercial units with two flats above. It is anchored by Waitrose and occupiers include Costa Coffee, Savers Health & Beauty, and Ladbrokes.
“We’re committed to investing in local convenience and neighbourhood retail centres, so adding Falkland Square to our portfolio fits in with our current investment strategy perfectly.
Danny O’Keefe, founding partner, Evolve Estates
Andrew Cooper of Clarke Willmott completed the transaction for Evolve Estates, while the agent was Oliver Church of Arcane Real Estate.
We look forward to working with local shoppers and our tenants to ensure Falkland Square continues to provide the amenities they need and want on their doorstep.
