Basingstoke, Festival Place

Asset management of the shopping centre. Sovereign Centros are working on a business plan strategy which will stabilise the asset and focus on a strong leasing campaign.

1 million square foot of lettable retail and leisure space
200 stores anchored by M&S, Next, H&M and a 10 screen Vue Cinema
Other key tenants include Apple, River Island, JD and Sports Direct
2,626 car parking spaces

Business Plan & Achievements

Appointed in May 2023.

The focus of the Business Plan and key priority is the re-anchoring of the Centre coupled with an active leasing campaign.

Integration and synergy with the existing strong business district is also a key driver of the Business Plan.

The Centre offers a number of opportunities to introduce a range of alternative uses, particularly new leisure operators to bolster the existing successful food and beverage offer.

Sustainability is a key ingredient with a number of ESG related initiatives being implemented.

As the dominant retail centre for Basingstoke, the Business Plan will ensure that there is the right mix of uses to meet customers needs.

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