Shopping park developer in £25.5 million float plan

A shopping park developer has unveiled £25.5 million stock market flotation plans.

Scotch Corner Designer Village Holdings is poised to join the Aquis Real Asset Market.

Bosses say the move will cut debt and push forward construction of the £169 million Scotch Corner Designer Village scheme, which is set for land next to the A1(M) between Darlington and Richmond, North Yorkshire.

They add it will provide capital to buy additional land for further development.

The listing – supported by Oberon Investments and Retail Book – is expected to complete in April.

Officials previously said the retail park could open in spring 2027, with brands set to include Calvin Klein, Hugo Boss, Tommy Hilfiger, M&S, Wagamama, Pizza Express and Five Guys.

They also said the base was poised to house the “UK’s largest” Blue Diamond home, lifestyle and garden centre.

Simon Waterfield, Scotch Corner Designer Village Holdings chief executive, said: “We are commencing the fundraising process on what we believe is an exceptional opportunity for investors to benefit from the development of what will be the UK’s newest designer village.

“Scotch Corner is already largely pre-let, and we believe it is substantially derisked.

“It is perfectly located on the ‘crossroads of the North’, where it enjoys a catchment of some 4.5 million consumers within an hour’s drive and is passed by some 29 million vehicles each year.”

Michael Lynagh, Aram Advisors director, added: “This announcement marks an important milestone in achieving our goal of creating a platform that democratises access to the £1.3 trillion UK real estate market.

“We look forward to welcoming Scotch Corner onto Aquis in due course.”

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