22nd July 2021
Sovereign Centros has been appointed asset manager of the Touchwood shopping centre in Solihull following its acquisition by the US-based real estate investment and asset management firm Ardent.

Working with joint leasing agents Cushman & Wakefield and Knight Frank, the company will be seeking to put in place a new asset management strategy for the 650,000 sq ft Centre.

The strategy will involve liaising proactively with all existing tenants and will be looking to drive a whole range of new projects designed to attract an exciting and diverse range of new occupiers.

The company will also be working closely with Solihull Council and Ardent to prepare for the arrival of the Commonwealth Games in 2022. This will include a series of improvements to Touchwood’s signage, entrances and the main arcades.

Simon Phipps, Senior Asset Manager of Sovereign Centros commented: “We are delighted to be appointed at Touchwood and see a real opportunity to strengthen the centre’s position at the heart of a thriving regional market.

“We look forward to applying our extensive asset management expertise and to working closely with the leasing agents, centre teams, (Workman& Partners) and the local council to progress a range of new initiatives that bring Touchwood in line with the wider growth ambitions of Solihull.”