Quadrant and Eccleston Capital launch U.K. retail adaptive re-use JV

Quadrant and Eccleston Capital are launching the first single-purpose venture aimed at repurposing redundant department stores and other large retail units across the United Kingdom.

The new venture — Quadrant Repurpose — will identify assets which have the potential for transformation into other uses including residential, hotels and leisure. It will also identify where department stores can retain a presence in reconfigured space that better meets the needs of shoppers. This could entail bringing in different uses alongside the retail offer.

“It’s clear that huge swathes of redundant retail property urgently need to be repurposed for new uses,” said Christopher Daniel, Quadrant’s founding partner. “If the United Kingdom’s high streets and town centers are to be revitalized, this will be an essential part of the process. Our track record of developing and maximizing real estate across the retail, office and residential sectors gives us the