St Elli Shopping Centre in Llanelli sold for £29.2m
The landmark St Elli Shopping Centre in Llanelli has been sold to a new retail firm. London-based NewRiver Retail Limited, the UK’s fourth largest owner/manager of shopping centres, has bought the centre from insurance group Axa on a freehold basis for £29.2m. “It’s all good news as far as the shopping centre is concerned,” said St Elli Centre manager Andrew Stephens. “This is a thriving and vibrant shopping centre which will always be attractive to investors,” said Mr Stephens. “The sale has been on the table for a number of months, but contracts have now been exchanged and we are able to talk openly about the move. “In terms of what happens on a day-to-day basis at the shopping centre, nothing really changes. We have new owners, but it is business as usual and we view the sale as a real vote of confidence in the centre and the town of Llanelli. “Everyone who works here is very proud of the centre and we think the people of Llanelli and West Wales should be very proud of the centre ...