Worcestershire-based commercial property consultancy and Chartered Surveyors GJS Dillon has been appointed to manage a new £3 million leisure development in Kidderminster town centre.
GJS Dillon will manage the four restaurant / retail units and collect the rent and the service charge from the tenants at Exchange Street Properties’ new Riverside development.
Three units at the 12,000 sq ft development have already been let to Loungers, Le Bistrot Pierre and Coffee #1, part of S A Brains Ltd. Only one unit of 2,000 sq ft remains vacant.
“This is an important win for our Property Management department as we seek to expand this side of our business,” says GJS Dillon Managing Director John Dillon.
The Riverside development, named after its outlook over the River Stour, was newly constructed in Kidderminster on part of the former Brintons Carpet headquarters site, acquired by Exchange Street Properties in 2014.
Max Goucher, Director at Exchange Street Properties, says: “I always prefer to use local surveyors, as they tend to be more pro-active, available and have good local contacts. I had no hesitation in appointing GJS Dillon as managing agents for Riverside.”