In partnership with:

shopping centre


Appointed 2013 | 1,000,000 sq ft

The shopping centre was sold in 2014 from Ares Management to Orion Capital Managers. Sovereign Centros retained its status as Orion's new partner as asset and development manager for Telford Shopping Centre.

One of the largest covered centres in the UK, it dominates the region and has superb access. It attracts over 12m shoppers pa.

At the end of 2013, Sovereign Centros secured planning consent for a development masterplan that could increase the size of the centre by up to 80%, with almost 400,000 sq ft of new retail, restaurants, cafés & bars, plus other leisure uses.  

Construction of the first phase comprising 26,500 sq ft in five new restaurants & cafes, known as the Southern Quarter, is due to start in 2016 and includes pre-lets to TGI Friday's, Prezzo and Handmade Burger Co. Consent has also been secured and construction works begun for the 70,000 sq ft Northern Quarter, comprising up to seven new retail units. 

In addition, detailed planning consent was granted in August 2015 for the Northtern Quarter, the redevelopment of a former Asda store. This second phase will comprise a linear block of 5 stores fronting Red Oak Car Park adjacent to Primark and BHS.

  • Owned by Orion Capital Managers
  • 70-acre site
  • 1 million sq ft
  • 170+ units
  • Parking for 3,600 cars
  • Strong catchment, little competition
  • Marks & Spencer, Debenhams,
    House of Fraser and Primark
  • Planning consent for new town centre masterplan in place
  • Detailed planning consent granted for first two phases of development; work due to commence on site 2015