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  WASHINGTON SQUARE SHOPPING CENTRE, Workington

Washington Square Shopping Centre is a double award-winning scheme which replaced a run down 1960’s shopping centre with a modern 280,000 sq ft retail-led mixed use centre anchored by Debenhams.

It has won RICS North West Surveyors Commercial Property Award and it also triumphed as the first ever winner of the Business Insider's Retail/Leisure project of the year award.

The property was acquired by Riddelltps Ltd on behalf of S Harrison Developments Workington Ltd. We procured development funding for the redevelopment of the town centre in partnership with Harrison Developments. The value of this funding was circa £43 million.

During development Riddelltps provided a range of advice and services including development consultancy, asset management, letting agency and day to day management/rent collection after completion in 2005.

Shortly after practical completion of the development, Riddelltps advised on an ‘off market’ sale of the investment to a private investor for £68 million and we have been retained by the new owners to asset manage the centre including the day to day management.

       
 

The main details of the scheme are as follows.

  • Located in the principal centre of West Cumbria, Workington. Washington Square provided a brand new shopping destination of 280,000sq.ft (26,012sqm.) gross.
  • The scheme comprises 57 units anchored by a 75,000sq.ft (6,967sqm) Debenhams. There are also 430 car parking spaces.
  • Other tenants include Vodafone, Next, JJB Sports, New Look, Greggs, Laura Ashley, Home Bargain, Clarks, HMV, Thorntons, River Island,  HMV, WH Smith and Costa Coffee.
The scheme has been instrumental in completely regenerating Workington town centre and improving its retail offer. The Scheme now attracts over 100,000 visitors per week.

For further details of our services please see the ‘What We Do’ section fo the website.

Washington Square
 
     
 
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