The sale is being handled by the London office of property agents Savills, who declined to comment and wouldn’t confirm the identity of the current owner.Īccording to Yate Shopping Centre’s website, it is owned by Jersey-based private company Crestbridge Corporate Trustees Limited. “It also has low unemployment and a relatively high number of professional workers who can work from home.” “A strong and substantial grocery offer has been key to the success of these centres, as well as the presence of other ‘essential’ retail.’ Jonathan De Mello, from CWM, said: “Our COVID Retail Resilience Rankings highlight those centres that have remained robust – and in some instances have actually performed better – since the onset of the pandemic. Yate came up top of the small towns list, due to its large amount of ‘essential retail’ that has kept people visiting the centre during the pandemic, and the fact it has lots of ‘professionals nearby’ who often visit.Ī flashmob at Yate Shopping Centre in 2013 (Image: Bristol Live) Retail Consultancy CWM ranked thousands of retail locations across the UK, from city centres to local high streets. Motor yachts for sale Sailing yachts for sale Yachts for sale over 200 feet Yachts for sale from 150 to 200 feet Yachts for sale under 150 feet Tenders and chase boats for sale Yachts under construction Meet the Brokerage team Virtual yacht experiences. Last year, Yate was named the UK’s most resilient small town during the Covid-19 crisis, according to research. The £53m sale includes the Riverside Retail Park, a recently constructed retail parade just the other side of the River Frome with tenants including Cineworld and Nando’s. Get the biggest stories from across Bristol straight to your inbox The space for retailers covers 553,827 sq ft (51,452 sq m) and there are 1,400 parking spaces across four car parks.Įleven miles from Bristol, 13 miles from Bath and on the edge of the Cotswolds, the shopping centre benefits from strong links to the national motorway network via the M4.Ĭonstruction of Yate Shopping Centre began in the 1960s with the mall being opened officially by actress Patricia Phoenix, who played Elsie Tanner in Coronation Street. The shopping centre is home to a number of big name retailers including Tesco Extra, M&S Foodhall, TK Maxx, Next, Boots, Pets At Home, Iceland, Poundland, Sports Direct, Anytime Fitness, Savers and Home Bargains, among others. READ MORE: Popular clothing brand closes its main Bristol store With 11.6 million annual visitors and a total gross income of nearly £6m per annum, the shopping centre is sure to attract plenty of interest. The Yate Shopping Centre and Riverside Retail Park comprises the bulk of both the retail and leisure offering in the town centre and covers 31 acres. A popular shopping centre on the outskirts of Bristol has been put up for sale for £53m.
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