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Estama secures TK Maxx as new anchor tenant in major milestone for Kingdom Shopping Centre
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Retail Times
Property and asset manager Estama has secured TK Maxx as the new anchor tenant at Kingdom Shopping Centre in Glenrothes, marking a major step forward in the centre’s long-term transformation.
Contracts have now been exchanged for TK Maxx to occupy a new 29,000 sq ft store, created from the subdivision and reconfiguration of the former Dunnes Stores department store.
The project has been made possible through the proactive investment and support of Estama’s client and landlord of the Kingdom Shopping Centre, Focus Fund, whose commitment has enabled the comprehensive redevelopment of the space.
Alex Butler, Senior Asset Manager at Estama, said: “Securing a retailer of TK Maxx’s calibre is a significant milestone for Kingdom Shopping Centre and an excellent example of proactive asset management delivering tangible results.
“This is a transformational deal which reinforces Kingdom Shopping Centre’s position at the heart of Glenrothes’ retail offer.