“The disposal of the Debenhams unit in Guildford town centre is part of M&G’s longer-term active management to repurpose the site. The role of town centres is changing, and the Debenhams unit is the perfect redevelopment opportunity to convert this retail asset for uses which cater for the needs of the local community.”

Native Land has allocated substantial capital for retail repositioning opportunities in London and the South East, as a core strategy within its wider mixed-use development business.

In recent years Native Land has broadened its focus beyond its original business model of prime central London residential development, to pursue mixed-use commercial regeneration projects in response to technological change and market behaviour.

Kieran D Cotter & Co advised Native Land in the Guildford acquisition.