Arora Group has appointed Brasier Freeth and Lunson Mitchenall as leasing agents for its recent shopping centre purchases of The Peacocks, Woking and County Mall, Crawley.
The Peacocks Centre, Woking comprises 526,547sq ft across 80 retail and catering units. Major tenants include Primark, H&M, Fatface, TK Maxx, New Look, Superdry, Next, Hotel Chocolat and hmv.
The scheme also includes a food hall on the lower concourse providing the primary F&B provision for the centre with current tenants including McDonald’s, KFC, Chopstix and Subway.
Victoria Place is situated directly adjacent to The Peacocks and includes 400 residential units, a 189-bed Hilton hotel and a 50,000sq ft M&S.
The respective schemes benefit from a total of 3,000 car parking spaces.
County Mall, Crawley comprises 455,000sq ft across 70 shops, cafés, and restaurants and 1,700 car parking spaces. Major stores include Primark, JD Sports, Next, River Island, Superdry and Deichmann.
Arora Group is a private company based at Heathrow with interests in property, construction and hotels. Sanjay Arora COO and head of property at Arora Group commented: “The purchase of these schemes continues the journey of portfolio diversification, holding implicit real estate value for the longer term.
“The Peacocks Centre provides an opportunity to acquire a quality scheme, recently refurbished, in an affluent South East town with significant asset management potential to increase the income to circa £4.5m.
“County Mall is a 9.5-acre site opposite our new Overline House development, comprising 300 new apartments.”
Anthony Appleby, fartner at Brasier Freeth commented: ‘We are absolutely delighted to have the opportunity to work on these two exciting new assets. We are joining the team at a really good time with so much ongoing leasing activity and potential opportunities.”