Asset management
Driving strategic asset growth and sale readiness
Telford Bridge Retail Park
An overseas investor appointed MAPP to provide strategic asset management across a portfolio of UK retail parks, including Telford Bridge Retail Park – a 190,000 sq ft dominant bulky goods scheme in Telford, navigating COVID-19 trading restrictions and subsequent market recovery.
The MAPP approach
MAPP’s Asset Management team led leasing strategy, development planning and long-term asset positioning. We appointed specialist leasing agents, retained design consultants and secured planning consent for new commercial units, including a Starbucks drive-thru and The Range as an anchor tenant. The scheme is anchored by major national retailers including B&Q, Argos, Hobbycraft and Halfords.
The impact
The asset has been repositioned to strengthen income, tenant mix and long-term value. MAPP continues to advise on strategic asset management and transactional support, with the property now primed for a successful sale process.
MAPP was approached by an existing offshore client to provide full asset management services for this multi-let retail park. Over a nine-year period, MAPP renewed all leases across the park, as well as delivering a new Starbucks drive-thru and EV car charging facilities. The MAPP teams worked through the sale process, ensuring a prompt sale of the asset.
Ray James
Asset Manager
Telford Bridge Retail Park, Telford
Telford Bridge Retail Park, Telford
Telford Bridge Retail Park, Telford