MOORFIELDS COMPLETE SALE OF VICTORIA SHOPPING CENTRE
Property specialists Moorfields Advisory have completed the sale of the Victoria Shopping centre.
The Victoria shopping centre located in Southend on Sea, comprises of 274,061 sq ft of retail units and is prominently located at the North end of the High Street, next to Southend’s main station. Moorfields were appointed receivers over the centre in May 2020 following a decline in Retail due to Covid-19 and has continued to trade the centre throughout the pandemic.
The centre has been purchased by Southend-on Sea Borough Council demonstrating the council’s long term commitment to the town centre.
Arron Kendall, Joint Receiver and Partner at Moorfields, said: “We are delighted to have secured the sale of the Victoria Shopping Centre. The council were up against a number of bidders but it is good to see they have long term commitment to their high street and retailers”
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Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.View all Our News