Evolve Estates has acquired The Bridges Shopping Centre in Sunderland. The 595,000 sq ft retail destination is home to 100 high street names such as Primark, Next, JD, a food and beverage court and a 938-scace car park.

Joe O’Keefe, Co-Founder at Evolve Estates, said: “The acquisition of The Bridges Shopping Centre reflects our commitment to investing in retail assets that have a high-potential to unlock through investment, experience and hard work.

The Bridges is a great example of an asset that is performing satisfactorily as it stands, but could really improve and transition into new retail and leisure areas, occupiers and operations. We have had dialogue with the Local Authority who are promisingly pragmatic and we are very much looking forward to working with stakeholders to really move The Bridges forward.”

Evolve Estates has continued its portfolio growth and added to their successful first half of 2024 with the latest acquisition of The Bridges.