Bethel Square Shopping Centre, Brecon has been acquired by a private property company. The shopping Centre forms the majority of Brecon’s prime shopping area with 30 retail units and additional upper floor offices. Retailers include Mountain Warehouse, Holland and Barrett, Boots and a number of other multiple and local traders.
Nick Golunski of Calan Retail who acted in the transaction stated: “In this volatile and uncertain market there are still opportunities for investors to purchase well positioned commercial properties with strong fundamental factors”.
David Williams of Emanuel Jones stated: “The purchaser’s intention is to undertake additional asset management initiatives building upon the previous owners strategy. Working in a collaborative way with retailers to increase trade and offer additional opportunities.”
Harry and Robert Black, who are the new owners, commented: “We are pleased to have acquired the shopping centre and hope to improve it as both an asset to the people of Brecon and the wider area as well being a tourist destination, we are obviously in challenging times but we are excited to work with existing and new occupiers”.