PPR acquires Guildford High Street stores
Today, our team at PPR Estates (PPR) can announce the acquisition of the former Gap store and the neighbouring Vodafone building on Guildford High Street. These two prime buildings in the heart of Guildford’s pedestrian shopping zone will add further value to our town centre regeneration portfolio. PPR are already in talks with potential new Class E tenants for the ground and basement in the former Gap building.
Jon Caplan, PPR’s Managing Director added: “We welcome Vodafone as a new PPR tenant in Guildford and look forward to announcing a new lease very soon for the vacant, former Gap store as part of our asset management plans. We are proud to be leading the re-configuring and re-purposing of town centre real estate like this currently vacant store.”
PPR has considerable further funds to invest in similar site acquisitions this year and beyond. Our strategic aim is to repurpose vacant and under-utilised properties to create thriving mixed-use residential, retail and commercial units whilst balancing Environmental, Social & Governance (ESG) concerns through hands on asset management and redevelopment. At the simplest level, by creating flexible spaces where people want to spend time, we will create sustainable value.
Recent additions to the PPR town centre redevelopment portfolio include Winchester, as well as multiple development sites across a range of town centres including Chichester, Stratford-Upon-Avon, Tunbridge Wells, Lewisham, Bromley and Oxsted earlier in the year.