WELLINGTON MARKET COMPANY PLC - 10 Year Contract for Shepherds Bush Market
04 März 2014 - 9:38AM
PR Newswire (US)
4 March 2014
Wellington Market Company plc
("Wellington" or "the Company")
10 Year Contract for Shepherds Bush Market
Wellington Market Company PLC, under its wholly-owned subsidiary Activate
Assets Ltd, has today announced that, following several months of consultancy
work with Orion Shepherds Bush (Market) Ltd - Activate Assets Ltd has been
awarded a ten-year contract to provide facilities management and market
operation for London's historic Shepherds Bush Market.
The market site, which is currently undergoing a circa £150-million
redevelopment, will be totally transformed and incorporate an extensive
residential component. The contract, which commenced on the 26th February 2014,
will see the Company introduce its own brand of cutting-edge retail and events
that will attract visitors - perfectly complementing that of the neighbouring
Westfield site, The Village London.
This contract further underpins Wellington Market Company's successful strategy
that has reduced its dependence on the operation of traditional street markets,
by expanding its activities into the provision of retail asset management and
consultancy services.
This appointment and other successes at high-profile sites - such as Old
Spitalfields Market - has firmly placed the Company in the spotlight and should
lead to further engagement with local authorities and developers.
The Directors of the Company accept responsibility for the announcement.
For further information please contact:
Wellington Market Company Plc.
Paul Fice, Company Secretary Tel: +44 (0) 1952 242019
Grant Thornton UK LLP (Corporate Adviser)
Colin Aaronson/Melanie Frean Tel: +44 (0) 207 383 5100
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