Press Releases
- 2012
- Moorfield complete on former Print Works site in Exeter to build 487 bed student accommodation scheme - 20 Jan 2012
- Moorfield acquires Salisbury House, Finsbury Circus, EC2 - 20 Jan 2012
- Brindleyplace continues to invest in its facilities through new car park contract - 9 Jan 2012
- Moorfield Acquires Salisbury House, Finsbury Circus EC2 - 6 Jan 2012
- 2011
- Moorfield and Segro announce the acquisition of the UK Logistics Fund - 19 Dec 2011
- Moorfield acquires The Towers, Didsbury from Wereldhave - 18 Nov 2011
- Skypark one year on – With new lettings and lease renewals totalling over 146,000sq ft and the first phase of the multi-million pound refurbishment underway – Skypark is a hive of activity - 10 Nov 2011
- Top UK businesses choose West Riding House - 7 Oct 2011
- Moorfield announces £35m acquisition of Primark Distribution Centre - 29 Sep 2011
- Moorfield exits The Capital Pub Company Plc - 26 Sep 2011
- Debenhams to anchor Cornmill extension - 29 Jul 2011
- Newly refurbished office space released to market at Four Brindleyplace - 30 Jun 2011
- Moorfield and Safeland move in on hostel market - 19 Apr 2011
- Moorfield launch the White Knight Partnership - 6 Apr 2011
- The Glasgow School of Art sculpts its future at Skypark - 30 Mar 2011
- Moorfield secures iconic West Riding House in Leeds - 9 Feb 2011
- 2010
- Moorfield sell Mallard House to National Instruments at Newbury Business Park - 30 Dec 2010
- Moorfield buys in Darlington to allow for the Cornmill Shopping Centre expansion - 4 Oct 2010
- Grainger and Moorfield announce formation of Sovereign Reversions Equity Release Joint Venture - 23 Aug 2010
- Moorfield venture further into Yorkshire and Humber with Holbeck Land - 28 Jul 2010
- Brindleyplace acquisition completed by Hines Global REIT and Moorfield - 23 Jul 2010
- Moorfield and Hines Global REIT invest in Brindleyplace, UK - 1 Jul 2010
- Next Step for Cornmill Shopping Centre - 26 Jan 2010
- Moorfield and PAG launch north west property JV - 15 Jan 2010
- 2009
- Audley acquires Wiltshire’s White Horse Care Agency - 23 Jun 2009
- The Ridings celebrates completion of multi million pound refurbishment works - 13 Feb 2009
- Moorfield announces £30m sale and leaseback deal with Mitchells & Butlers - 7 Feb 2009
- Moorfield, Plus Shops and KLM to launch new retail venture - 27 Jan 2009
- 2008
- 2007
- New dock facility for Westway as commercial traffic returns to river cart - 10 Sep 2007
- Cornmill Shopping Centre Extended in £8.4m Deal - 25 Jun 2007
- Moorfield Real Estate Fund awards hotel contract to Accor - 20 Mar 2007
- Second Moorfield fund closes with £1. 6 bn of buying power - 8 Feb 2007
- Moorfield Real Estate Fund acquires 24 Macdonald hotels - 26 Jan 2007
- MREF Buys Cornmill Shopping Centre, Darlington - 5 Jan 2007
Cornmill Shopping Centre Extended in £8.4m Deal
Moorfield Group acquires additional 14,000 sq ft of retail, leisure and office space adjacent to existing asset in Darlington
Real estate investment company, Moorfield Group, has extended its Cornmill Shopping Centre in Darlington with the acquisition of 14,000 sq ft of retail and additional leisure and office accommodation adjacent to its existing asset.
Moorfield has purchased the additional space, which includes one office and five prime retail units as well as a hotel, for £8.4million from Clerical Medical Managed Fund through Invista Real Estate Investment Management Limited.
The units, which include 4-16 Northgate and 10 Priestgate, and are currently let to Woolworths, Boots, Vodafone, Going Places, and 3G. Units 12-16, which are let to Woolworths on a long lease expiring in 2017, are located in a prime location, linking the Cornmill Shopping Centre to Northgate, a key shopping destination in Darlington.
Moorfield purchased the Cornmill Shopping Centre for £84.5million in December 2006, and has since seen a significant uplift in footfall at the centre, which increased by 19% during 2006. The scheme currently totals approximately 20,616 sq m (221,000 sq ft) of retail accommodation on two levels, together with an adjoining, secure, 402 space multi-storey car park, and boasts a strong tenant line-up, including popular High-Street retailers, Primark, New Look, Top Shop and HMV.
Mark Holmes, Asset and Investment manager of Moorfield Group said: “Darlington is a town undergoing major regeneration and improvement, and is a location where we anticipate good retailer demand owing to a number of initiatives, such as the extensive pedestrianisation of the town centre. Since acquiring the Cornmill, we have witnessed a strong demand from retailers for space with lettings already completed to Brighthouse on the lower mall and independent fashion accessory retailer R. Szetzo on the main mall. The acquisition of the additional units on Northgate will create a natural extension to the centre and confirms our commitment to Darlington and our objective of improving the Cornmill through capital investment and active asset management.”
The Cornmill Shopping Centre is a further addition to the £1.1 billion Moorfield Real Estate Fund which currently consists of The Ridings Shopping Centre, Wakefield; The Capitol Shopping Centre, Cardiff; a portfolio of WA Shearings hotels, a portfolio of hotels managed by Accor and student accommodation sites in Loughborough and Winchester.
Churston Heard acted on behalf of Invista for the deal, whilst Moorfield Group was represented by DTZ.
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