The shopping center has recently benefitted from significant capital investment, including developing a drive-through Starbucks, further boosted by B&M committing to the former Wilko unit on a 10-year lease.
This community asset serves residents’ requirements for convenience shopping and Evolve will manage the asset, working the tenant mix while optimizing the center for the local community’s needs.
This latest acquisition demonstrates Evolves’ expertise in identifying opportunities to buy and manage convenience-led assets in areas where they can build on successes and leverage further opportunities from local investment.
Beaumont Leys is anchored by Tesco Extra and Aldi, with key tenants B&M, McDonald’s, Poundland, and Boots. The shopping centre is a highly accessible amenity for locals and visitors from further afield. There are three car parks, which provide 1500 free car parking spaces and 12 EV charging points. Beaumont Shopping Centre is well-served by public transport and is easily accessible by regular bus services from Leicester city centre.
“The shopping centre is perfectly positioned for the local community; Beaumont Leys is a key district within Leicester and is home to several attractions that contribute to its vibrant life,” said Sebastian Mcdonald-Hall, Partner at Evolve. “Beaumont Leys is experiencing significant investment and residential development, and the area is a focal point for new housing projects that serve the wider Leicester area. Our team will build on the success, ensuring the asset continues to serve the local community with a variety of tenants that meet demand.”
