Town centre regeneration specialist RivingtonHark has appointed GCW as preferred supplier of leasing, lease advisory and development consultancy for two key Enfield assets. The team will help the landlord reposition the North London suburb’s two shopping centres Palace Exchange and Palace Gardens and adapt their offer to meet the needs of the local catchment.
Currently, the older of the two centres, Palace Gardens, is focused on convenience shopping, whilst the more modern Palace Exchange is fashion led and is home to the likes of Next, TK Maxx, New Look and Pearsons department store. The remit includes enhancing the retail tenant mix and delivering a wider range of town centre uses, potentially including residential, leisure, healthcare and workspace uses. RivingtonHark will take a strategic advisory role, whilst GCW will consult on leasing, helping the landlord rejuvenate its adjoining assets to respond to changing consumer demand.
Enfield is leaking significant spend to neighbouring areas, realigning this significant part of the town centre will offer more opportunity to shop, eat and be entertained within the town itself. The priority is to combine GCW and RivingtonHark’s expertise in mixed use repurposing and asset management to make the 450,000 sq ft assets fit-for-purpose by investing in areas such as an evening economy and family leisure.
David Lewis, Executive Director at RivingtonHark, said: “We selected GCW as our partner due to their passion and expertise in the three Rs of town centre regeneration - reinvention, repurposing, and rejuvenation. We look forward to working together to transform these shopping centres and raise the profile of the town as a mixed use destination.”