- Multi-Realm delivered a revitalised scheme with growing sales and stable occupancy of over 95%
- Multi-Realm introduced a large space discount operator to secure its footfall
Acquired in 2004 by Hermes, Freeport Talke suffered a potentially fatal blow when its anchor foodstore vacated at the end of their lease which accounted for 25% of the scheme.
With this scenario built into the acquisition plan, Multi-Realm implemented a £5m turnaround project to remodel and relet the space as well as bringing M&S, Nike and GAP to the scheme as well as introducing a large space discount operator to secure its footfall.
From an occupancy which fell as low as 45% before the plan, Realm delivered a revitalised scheme with growing sales and stable occupancy of over 95% making the centre once again attractive to the investment market.
The scheme was sold in 2017 to Karlin Capital