We are delighted that two of our projects have won the prestigious Revo Awards 2024.
Midsummer Place won ‘Best Asset Management Initiative’ and Merry Hill won ‘Best Repurposing and Placemaking Project’.
Revo recognises and celebrates talent within the retail, leisure and placemaking property sector.
Congratulations to all the winners announced at the awards event held at Exhibition White City London on the 4th December celebrating those who are adapting and leading the way forward.
Best Asset Management Initiative
Midsummer Place
Ellandi, now a part of NewRiver REIT, has successfully revitalised Midsummer Place, transforming it from a struggling asset with nearly 50% vacancy to a vibrant destination for retail, leisure, and dining. With over £20 million committed for regeneration, the team implemented a strategic approach focused on stabilising income, renewing leases, and curating an appealing tenant mix. Notable achievements include the transformation of the Boulevard into a bustling food hub with local and national operators, resulting in a significant increase in footfall and net operating income. The innovative redevelopment has repositioned the centre, fostering community engagement through initiatives like the ‘Hatch’ project and partnerships with local enterprises.
Tom Robinson, 3DReid Associate Director commented: “The main atrium space at MidSummer was underused and sterile – a place to walk through rather than stop and dwell. Through strategic placement of retail pods around a new flexible event space and the introduction of warm, natural materials such as timber and vegetation, we were able to transform the Boulevard into a thriving destination for customers and those working within the centre.”
Midsummer Place team at the Revo’s
The main atrium space at Midsummer Place
Best Repurposing and Placemaking Project
Merry Hill
Merry Hill’s transformation into a vibrant leisure quarter represents a strategic response to evolving consumer preferences, aimed at enhancing the shopping experience by integrating family-friendly leisure and dining options. With a £12 million investment in the leisure area, highlighted by the successful opening of Hollywood Bowl, the development has led to a 5.4% increase in footfall and a 4.8% rise in sales, with over half attributed directly to new tenants. The project also included significant public realm improvements, such as sustainable car park upgrades and better pedestrian connectivity, supported by an additional £50 million investment.
Merry Hill team at the Revo’s
View the Revo’s 2024 winners here and view the Revo’s 2024 shortlist here
