The Workman team, led by Gareth Soar, Partner, is excited to be working with Ardent Companies UK on The Royal Exchange. This was following Ardent’s acquisition of the retail element of the London asset from Oxford Properties.
Recently, Ardent Companies UK, a subsidiary of The Ardent Companies, acquired the luxury retail centre. The acquisition, reported by The Times, included 51,400 sq. ft of space.
The Royal Exchange, located in the City of London, houses renowned brands within its historic landmark Grade-I listed building. These brands include Tiffany & Co, Hermès, Bremont and Fortnum & Mason.
This transaction is the latest addition to Ardent UK’s retail portfolio. It joins Touchwood shopping centre in Solihull, where Workman provides property management services. Additionally, Ardent UK has a strategic national industrial platform of over 2.25 million sq. ft.
Gareth said: “The Royal Exchange is a prestigious high-profile retail asset in the heart of the City, with so much potential. Our Workman team is looking forward to working with Andrew Hilston and Richard Benson at The Ardent Companies and all occupiers, suppliers, and partners to make this fantastic asset a great success.”
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