NewRiver wins Maidenhead mandate

Asset management agreement signed for Nicholsons shopping centre, Maidenhead

NewRiver has signed an asset management agreement with urban regeneration specialist Areli Real Estate to manage Nicholsons shopping centre, Maidenhead.

This agreement marks the third mandate for NewRiver’s third party asset management platform, which was launched in May 2018 and aims to capitalise on NewRiver’s combination of scale, expertise, relationships and governance by managing assets owned by third parties which do not have an in-house management capability. It follows agreements signed with Canterbury City Council for Whitefriars Shopping Centre and Harborough District Council for two high street units.

Nicholsons is a 190,000-sq ft centre situated in the heart of Maidenhead, a large and affluent town located 26 miles west of London. It has a convenience and value-led retailer line-up which includes Tesco, Iceland, Superdrug, The Works and Starbucks, and its 734-space multi-storey car park is the main parking provision for the town.

Areli was co-founded by Robert Tincknell, former chief executive of the Battersea Power Station Development Company, and Andrea Vanni, a former Managing Director at Deutsche Bank with over 25 years’ experience in European real estate.

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