Brunel retail centre appoints new manager as its dramatic recovery continues

November 4, 2013
By

Steve Fawke has been appointed general manager of Swindon’s Brunel retail centre after eight years working in a similar role at a smaller shopping mall in Reading.

As manager of the Broad Street Mall he oversaw a £9m refurbishment which helped bring in new shops while a programme of promotions including Has Reading Got Talent? and the Reading Retail Awards put it back on the town’s shopping map.

As a result Mr Fawke, pictured, came runner-up in the shopping centre manager of the year category in this year’s Shopping Centre magazine’s annual awards.

His arrival at the 100-shop Brunel Centre comes hot on the heels of its management company First Investments Real Estate Management (FIREM) announcing a substantial increase in its marketing budget and appointing a dedicated marketing manager. 

The £400,000 national, regional and local marketing campaign to promote the 550,000 sq ft Brunel is its largest ever and forms a major part of an on-going strategy to revive the fortunes of the centre.

The fortunes of the centre, which occupies more than half of Swindon town centre’s retail area, have dramatically improved from a low point in December 2011 when eight retailers went into receivership, leaving more than 10% of its retail space vacant and rent arrears of nearly £600,000.

Lancashire-based FIREM, which took over management of The Brunel last year, has since reduced vacant space to 3.34% and the rent arrears to nil by working with the retailers on repayment plans and with letting agents to attract new tenants and re-gear existing retail leases. Footfall has also increased substantially.

Mr Fawke said: “I wasn’t looking to move and it was a tough decision to leave Reading. I’m extremely proud of what I achieved as manager of Broad Street Mall. But once I heard about the plans for The Brunel I knew it was a challenge that I couldn’t resist”.

FIREM head of shopping centre management UK and Europe, Bernard Ferris, said: “We’re delighted that Steve has decided to join us at The Brunel Swindon.  We have been aware of Steve for some time and watched what a great job he has been doing at Reading. The Brunel has great potential and Steve’s energy, ideas and experience are exactly what the centre needs”.

 

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