Napier Park and Stirling Place, Luton

Our outline planning application for a significantly improved scheme was submitted on 18 March 2013 and consent is anticipated in Quarter 3, 2013. 

Arndale House

In October 2012, Westfield PLC announced the sale of the stalled 23 acre site, adjacent to Arndale House, to European Fund Manager Meyer Bergman.  It is understood the £260m development will comprise a 550,000 sq ft shopping centre to include over 70 units.  Major anchor lettings include Debenhams, Next, M&S as well as Arcadia brands.  The start on site is anticipated during the third quarter of 2013. 

In December 2012, Augur agreed a short-term let with Fabric Culture over two phases for circa 20,000 sq ft.  This concludes the letting of all the available retail space in the building in anticipation of the Westfield start on site during summer 2013.

The lease renewal with Bon Marche, a substantial retail tenant at Arndale House, has now completed. 

Cheltenham Town Centre Retail and Residential Scheme

Contracts have now been exchanged with the council to acquire the town centre site.  Our planning application for a major foodstore and multi-storey town centre car park, together with approximately 100 residential units, has received a resolution to grant consent.

Loan Portfolio Acquisition

We were successful, through our Augur Buchler vehicle, in being shortlisted by NAMA as one of three final round bidders for a circa £200m portfolio of loans, demonstrating our ability, with our financial partner, to undertake a transaction of this complexity and scale.

Fort William

Following the lease surrender by Blacks earlier in the year, we have successfully negotiated a new 10 year lease with SportsDirect who have now taken occupation in the larger Fort William unit.

The Watermark, Leith

After protracted negotiations, we have secured the acquisition of The Watermark, Leith, a block of 30 high quality apartments which we will actively manage.  Two apartments have been sold on long leases and the remaining 28 are let to Hillcrest Housing Association on a 10 year full repairing lease.