Shopping centre under new ownership

Cannock Shopping Centre has been acquired by a new owner, Vesa Poikonen, the founding partner of Sisu Advisors.

Poikonen specialises in regional commercial real estate and has a background in both real estate and financial services.

Several updates to the centre have already begun, including refurbishment works to several units to improve the overall look and attract new businesses to the area.  More than £60,000 has been invested on unit updates.

A further £20,000 has been earmarked to be invested in lighting upgrades in the market hall area of the centre – an area for independent stall holders and start-up businesses.

Poikonen said: “Cannock Shopping Centre has a vital role to play in the future of Cannock. With a substantial amount of my personal funds invested, I aim to ensure it gets the amount of attention the centre deserves and requires.

“I’m keen to also get involved in the local area – to enable me to promote and support the centre and the town further.  As part this, I’ve recently been appointed as a board member of the Cannock Town Centre Partnership.

“Being located next to the Town Centre redevelopment area, Cannock Shopping Centre will also benefit in the long-term from better public realm and improved connectivity for pedestrians.

“It’s an exciting time to be in the town and I look forward to playing my part in changing the face of Cannock.”

Poikonen has retained Avison Young for placemaking and communications.

Avison Young is joined by CBGA Robson as the new property manager of the scheme and Creative Retail as the new letting agent.

 

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