1/23/2023
M Core commits to Cwmbran, Wales with major leisure acquisition
Cwmbran Centre has been a huge success story for us in the past 12 months, with our experienced team of asset managers attracting over 20 new tenants, taking total occupancy to 95%, so when the opportunity arose to add the adjacent leisure complex to our portfolio, we didn’t hesitate.
This is a significant and attractive acquisition and one that reaffirms our intentions for investing in Cwmbran. We’ve already demonstrated how our intensive asset management has made the main retail destination a much more attractive place to visit and we’re ready to do the same with Cwmbran Leisure.
James Buchanan, LCP Managing Director
M Core has acquired a prime leisure complex in Cwmbran, Wales just 12 months after it bought the neighbouring shopping centre.
Cwmbran Leisure is the dominant leisure facility in the South Wales town, with an eight-screen Vue cinema, 20-lane Hollywood Bowl plus six restaurant units, including a Harvester, German Doner Kebab and Pepe’s Peri Peri.
A tanning salon, gym and an independent college are also on the site.
M Core secured the complex for an undisclosed sum, with Group Managing Director James Buchanan saying the acquisition confirms its long-term commitment to the town.
Cwmbran Centre has been a huge success story for us in the past 12 months, with our experienced team of asset managers attracting over 20 new tenants, taking total occupancy to 95%, so when the opportunity arose to add the adjacent leisure complex to our portfolio, we didn’t hesitate.
This is a significant and attractive acquisition and one that reaffirms our intentions for investing in Cwmbran. We’ve already demonstrated how our intensive asset management has made the main retail destination a much more attractive place to visit and we’re ready to do the same with Cwmbran Leisure.
James Buchanan, LCP Managing Director
