Sorbon Estates, the Beaconsfield-based property investment and development company, has announced its acquisition of the freehold interest in the St. Martin’s Centre in Caversham, Reading.
The centre occupies a prime location on Church Street in the heart of Caversham and is home to leading retailers including Waitrose, Boots, Superdrug and Iceland as well as a variety of independent businesses.
Situated on a site of approximately 4.75 acres, the St. Martin’s Centre is the dominant retail centre serving the affluent Caversham population and offers a diverse mix of retail, residential, and mixed-use facilities extending to c 100,000 sq ft with some 300 on-site car spaces.
Sorbon Estates’ acquisition of St. Martin’s Centre reflects the company’s commitment to investing in a diverse range of investment opportunities within affluent towns and Cities within the South of England, including retail centres, industrial, open storage, nurseries and marinas.
Mark Allaway from Sorbon Estates commented:
‘We’re delighted with our acquisition of the St. Martin’s Centre, which offers great potential for us to enhance the retail and leisure offering for the benefit of both tenants and the local community. It’s very well located, and we look forward to ensuring that the centre remains a vibrant destination where businesses can thrive and consumers can enjoy an exceptional shopping and lifestyle experience.’
Sorbon Estates’ portfolio includes key retail properties across Maidenhead and Marlow, and this latest acquisition reinforces its position as a leader in managing and developing thriving commercial and mixed-use properties.
