Shopping Centre

LIM completes Colchester refurb

Published:  01 September, 2010

LaSalle Investment Management has completed a major refurbishment which has transformed the Lion Walk shopping centre in Colchester

The investment manager bought the 200,000-sq ft  Lion Walk in 2008 on behalf of its LaSalle UK Ventures Fund and immediately set about planning the £1.5 million refurbishment of the 1970s mall to upgrade and modernise the fabric and common areas.

The result is startling and is encouraging new tenants to come to the scheme and existing tenants to consider expansion plans. An Apple re-seller has committed to a unit at 7 Lion Walk and a new flagship Topshop/Topman is due to open at 20/21 Culver Walk in the Autumn.

LIM national director Paul Till said: “When we purchased the Lion Walk shopping centre it was clear that there was an opportunity to redesign and refurbish this prime location to enhance the asset and improve the shopping experience. However, it was important that any work reflected the heritage of the city and provided a timeless quality, reducing the requirement for additional capital investment in future years. We were also determined to get maximum value for money for our investors.”

The company worked with local Architects Stanley Bragg, Project Manager Bourne Wood Partnership and Agents GCW all of whom contributed to the design input. ISG Jackson completed the work on a ‘design and build’ contract.