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Evolve Estates Acquires Tunbridge Wells Retail Parade

The national commercial property and investment company, Evolve Estates has acquired a 67,000 sq ft retail portfolio in Kent.

Evolve purchased the parade of 14 units in Tunbridge Wells for an undisclosed amount.

The Tunbridge Wells acquisition is the latest in a string of investments by Evolve, which says that it is focusing on the convenience retail sector.

Commenting on the purchase, Joe O’Keefe, Director (Evolve), said: “This is a solid investment in prime Tunbridge Wells; we are already finding tenant demand for space and this high street parade is performing strongly, with robust footfall and diverse occupiers.

“Over time, under utilised and redundant ‘upper parts’ are likely to be converted to much-needed residential units, which the buildings lend themselves to physically and aesthetically.”

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