Turnstone Estates, the private investment and development company, has announced plans to earmark 75m to expand its retail investment portfolio.
Turnstone Estates announces new retail investment plans
The Chelmsford-based company, parented by the Royal London Group, has a current portfolio of office, leisure and retail property with a total end value of over 48m. Its retail development programme includes schemes in Ayr, Scotland and Kings Lynn, East Anglia, with further projects in the pipeline.
As part of the investment drive, Turnstone Estates will target edge of town schemes with scope for refurbishment, redevelopment or extension, as well as brown field sites. Mixed-used opportunities will also be considered. The company hopes to take advantage of its considerable development experience to deliver value, and will look across the UK for potential sites.
Nick Scott, head of retail at Turnstone Estates, says: 'Our extensive involvement in the retail sector and in-depth knowledge of supply and demand enables us to identify opportunities and quickly appraise their potential. We are now well placed to take advantage of these opportunities when they arise, in order to expand our investment portfolio in this important sector'.
Established in 1989, Turnstone is one of the most active and dynamic property companies in the south east of England.