The Watermark complex is located in Southampton. GIC Real Estate was created as a fund for Singapore’s sovereign wealth. Nearly £50 million is changing hands in the deal between the two parties. The leisure complex may attract more visitors if management employ printing services in Southampton Hedge End.
Madeleine Cosgrave, a regional executive for GIC Real Estate, stated:
“We believe Watermark's diverse tenant mix and offerings will provide these experiences and enable Westquay, which is already a prime regional mall, to continue generating good returns over the long term.”
Cosgrave explained that modern retail centres are obliged to deliver leisure experiences to visitors. She implied this is because online shopping has had a significant impact on footfall.
David Atkins, the chief executive for Hammerson, commented on the size of the development in question. He suggested that it is the biggest of its type within the UK. Hammerson has got the contract to manage West Quay, which is part of the Watermark complex.
The Watermark centre was opened to the public last month and features eateries like Five Guys, Casa Brasil, Red Dog Saloon, Cosmo, and Franco Manca. Now that the centre is up and running, a 10 screen cinema will add to what is on offer.