Merger creates city and town centre real estate transformation specialist
Hark Group, the retail asset manager with a focus on transforming town and city centres, has bought Rivington Land, the development management business that specialises in complex urban environments. The new enlarged company will be named Rivington Hark and will immediately become one of the most active and experienced teams focused on delivering the rejuvenation of UK town centres through specialist development and asset management, at the outset managing projects with a value in excess of £700m.
David Lewis, founder of Rivington Land, joins Mark Williams and David Henderson-Williams as board director and co-owner of the business. David Lewis will continue to focus on development, Mark Williams will lead the investment side and David Henderson-Williams will run the asset management team.
Rivington Hark’s current projects include development management of Swansea Central and Chester Northgate and asset management of St John’s Liverpool, Castle Mall Norwich, Millgate Bury and Waterside Lincoln. In addition the company is placemaker and strategic advisor to Newcastle City Council on the Retail Core Transformation Programme. All of these involve the repurposing and repositioning of retail to varying degrees and incorporate a wide range of new uses including a new arena and conference centre, residential accommodation, offices, public realm and leisure uses.