Community Shopping Centre Specialist Ellandi acquires Bootle Strand

Posted on 24 October, 2014 by Kirsten Kennedy

London based investment and asset manager, Ellandi, has acquired The Strand Shopping Centre in Bootle for an undisclosed sum.

Shopping time, closeup of teenage girl legs with shopping bags at shopping mall

The community shopping centre specialist has assumed ownership of 356,700 sq ft of retail space with tenants including Marks & Spencer, Tesco, Boots and New Look.

Centre manager Rob Clarke believes Ellandi’s involvement in The Strand will allow the centre to achieve its potential.

He says; “Ellandi has a proven track record in managing community shopping centres like The Strand and the expertise to unlock the potential of this scheme.

“The team has already identified key improvements.

“With a portfolio of shopping centres similar to ours, Ellandi has already been able to find the answers to some of the issues faced by The Strand.”

Sefton Council and the local business community have welcomed Ellandi to Bootle, and have confirmed that the developer intends to put forward a number of proposals to improve the area surrounding The Strand.

Ellandi has already confirmed that the signage and graphic identity of The Strand will be the first step in a range of improvements, along with tackling the centre’s vacancy rate by negotiating lease deals with new retailers. In the longer term, it intends to refresh the entrances to the centre, particularly in the area facing Stanley Street, and redevelop the interior in order to create space for a new anchor store.

Asset manager at Ellandi, Richard Hutchinson, pledged to implement any changes as swiftly as possible in order to attract local consumers.

He said; “After a prolonged period of decline, we understand that shoppers at The Strand are impatient for change.

“With our proven track record of turning around older community schemes we are looking forward to rolling up our sleeves and transforming The Strand into a scheme that meets both modern retailer requirements and the shoppers’ expectations.”

Managing Director of Elandi, Morgan Garfield is delighted by the acquisition and hopes to add further assets to the company’s £325m portfolio.

“The smooth process of due diligence, acquisition management and funding, investor liaison and efficient deal execution is a testament to the expertise and resources at Elandi,” he said.

“Together with our joint venture partners and equity relationships we look to build on this and make further acquisitions for the platform in the near future.”

With Neil Bird




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme