M Core, a European group of property investment, management, and development companies, has acquired three significant assets, Queens House in Hull city centre, Triangle Centre in Clevedon, Somerset, and Newton Hall in Durham.
The group says these acquisitions are intended to reinforce its continued commitment to investing in well-located, high-potential assets across the UK’s regional towns and cities.
Queens House is a prominent mixed-use island site of 147,116 sq ft on King Edward Street, Jameson Street, Paragon Street and Chapel Street in Hull’s main retail and cultural district.
The building hosts a mix of national and independent operators and is directly opposite the £96m Albion Square regeneration project.
It includes a substantial block of retail accommodation and upper floors. Tom Percy from LCP, which is part of M Core, will asset manage Queens House.
M Core has also purchased The Triangle Centre in Somerset, which is a is a key part of Clevedon’s town centre.
This offers more than 59,000 sq ft of retail and office space, anchored by B&M, Boots, and Superdrug. George Watson from LCP will asset manage this property.
Finally, M Core has acquired Newton Hall in Durham, a 56,210 sq ft neighbourhood parade comprising 25 units with a blend of residential and everyday local services, including beauty, convenience, estate agency, florist and leisure operators.
Will Helm, senior asset manager at LCP will asset manage Newton Hall.
James Buchanan, group managing director at M Core, said: “These acquisitions set a positive tone for the year ahead. Queens House is a major city-centre asset with clear long-term potential, while Newton Hall and the Triangle Centre offers resilient neighbourhood retail in a well-established community.
“Both align with our approach of disciplined investment and intensive management, supporting local economies and delivering value over time.”
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