Catella APAM Completes 10-Year Lease with TJ Hughes at The Mander Centre
Deal News | Dec 05, 2024 | Catella Real Estate AG
Catella Real Estate AG, through its asset manager Catella APAM, has successfully completed a 10-year lease agreement with retail chain TJ Hughes at The Mander Centre in Wolverhampton. The new store opened on 28th October 2024, significantly enhancing the centre's retail portfolio. Harry Wilce, Asset Manager at Catella APAM, expressed satisfaction with the rapid execution of the transaction, highlighting strong retail demand in the area. The lease marks TJ Hughes' return to the center after a decade. The Mander Centre, which has undergone upgrades, is a prime shopping location in Wolverhampton, strengthened by diverse retail offerings. Joint agents Jackson Criss and Jameison Mills facilitated the transaction.
Sectors
- Real Estate
- Retail
Geography
- United Kingdom – The transaction and lease involve The Mander Centre, a shopping destination located in Wolverhampton, UK.
Industry
- Real Estate – The article discusses a leasing agreement involving a major retail property, The Mander Centre, highlighting its significance in the real estate market.
- Retail – The article focuses on the opening of a TJ Hughes store, emphasizing its impact on the retail sector within The Mander Centre.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Catella Real Estate AG | PE Firm | Company | A private equity firm involved in real estate investments, including The Mander Centre lease. |
| Catella APAM | Asset Management | Company | Asset manager for Catella Real Estate AG overseeing the 10-year lease to TJ Hughes. |
| The Mander Centre | Retail Property | Company | The shopping center in Wolverhampton where TJ Hughes has opened a new store. |
| TJ Hughes | Retailer | Company | The tenant leasing space at The Mander Centre, returning after a 10-year absence. |
| Jackson Criss | Joint Agent | Company | Acted on behalf of Catella APAM in the lease negotiation. |
| Jameison Mills | Joint Agent | Company | Also acted on behalf of Catella APAM in facilitating the leasing transaction. |
| Harry Wilce | Asset Manager | Person | Asset Manager at Catella APAM, commented on the transaction. |
| Richard Scharenguivel | Centre Manager | Person | Manager of The Mander Centre, expressed excitement about TJ Hughes' return. |