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Daniel Carter to speak at MIPIM
March 2017 - Vixcroft, chief executive, Daniel Carter has been invited to speak at a conference at MIPIM 2017. Carter will be one of the panellists leading the debate ‘Wise Council’ discussing local authority property investment, on Tuesday, 14 March at 16.30 – 18.30 at Quai 21 Saint Pierre, Angel Rue du Port, Cannes, France. As an Asset Mana...
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Improvements to Derry’s Richmond Centre Help to Pull in Shoppers
Improvements to Derry’s Richmond Centre Help to Pull in Shoppers -Positive start to new year – centre 100% let and further improvements underway- January 2017 - Derry’s Richmond centre has reported a great start to the New Year with visitor numbers over the Christmas period up on last year and sale shoppers set to continue the upward trend. Accordi...
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Vixcroft Acquisition: The Sovereign Shopping Centre, Weston-Super-Mare
Vixcroft Acquisition: The Sovereign Shopping Centre, Weston-Super-Mare
February 2015 - Vixcroft is excited to announce the completion of its purchase of the Sovereign Shopping Centre, Weston-super-Mare from Standard Life. The Sovereign Centre has been purchased with an asset management plan to improve net income and WAULT (weighted average unexpired lease term) through improvement of the tenant mix, encouraged by light refurbishment and reconfiguration of the entrances and mall areas.
Vixcroft was advised by CWM and Fawcett Mead.
Vixcroft’s capability is supplemented by significant institutional funding that is contributing into the acquisition and restructuring of real estate assets and corporate vehicles that hold real estate, where it can see potential to create added value. Vixcroft’s capability is particularly applicable (but not limited) to assets and portfolios that demand strong asset management and development capability.
Vixcroft completed its first deal (the purchase of the Octagon Shopping Centre in Burton-upon- Trent in late May 2014) and its second in December 2014 (the purchase of the Richmond Shopping Centre, Londonderry, NI). Vixcroft currently has one other shopping centre under offer.
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Yorkshire House, Liverpool
Yorkshire House is well located in central Liverpool, close to Moorfields Merseyrail station and Lime Street mainline rail station and a short walk away from the main shopping centre. When this period property was acquired in 2006 it was in a dilapidated condition having been vacant for many years. The building was re-purposed to meet mod...
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Griffin Island, Newport
The Griffin Island Estate comprising 26 buildings with 30 separate retail units was acquired in May 2002. At purchase, 28 of the retail leases had expired and were either holding over or faced an imminent expiry and a number of the upper parts were derelict or dilapidated. The Estate has frontages onto 4 separate streets, including t...
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B&Q Distribution Centre, Worksop
A complex restructuring, entailing the application of Directors’ financing and restructuring skills. This high grade asset had been over-leveraged by the previous owner with the total debt secured against it significantly exceeding its value. In addition, the former owner had committed to a long term swap instrument with a negative v...
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