Completed in 2007, this spectacular redevelopment of the former Britannia Ironworks and Marshall’s factory has brought a new vibrancy to Gainsborough in Lincolnshire. A joint development by Dransfield Properties and Prospect Estates, the scheme incorporates some 177,000 sqft of retail space and 35,000 sqft of offices with car parking for 334 cars in a landscaped central courtyard. The redevelopment was awarded the BCSC Gold Award for regeneration in December 2007.
Mason Owen has been involved with the scheme’s management since day one, setting up management structures on site and implementing a comprehensive service charge account. The current rent roll is approximately £2,000,000 per annum with tenants including well known nationals as well as independent local retailers. We have worked with our client and tenants to drive down the occupational costs, reducing the service charge by some 9% last year. This saving was achieved through constant review of supplier contracts and bringing staff in-house.