“In my new role at Milligan, I’ve been struck by the length and breadth of projects and expertise collected here over the years. Before joining, I was well aware of Milligan’s reputation for innovative thinking but I hadn’t fully appreciated some of the challenges overcome, commercial successes and bespoke approaches all of which now make up a rich and insightful bank of knowledge.

“Those team members who repositioned Maremagnum in Barcelona, sold the MetQuarter delivering significant returns for investors and helped shape CenterParcs’ and Camden Lock Market’s customer experience into what it is today, are still here. Thanks to these successes they are fully equipped to take on the challenges our industry is now faced with and to maximise the sweet spots where retail, leisure and experience collide. Strengthened with my own experience of working on major regeneration developments for both the public and private sectors, we are providing clients and partners with guidance and solutions on a range of buildings, shopping centres, and town centres. We are finding our combined experience, cross-sector knowledge and future-facing insights is giving them the reassurance that we can find the right, bespoke solutions for each project.

“Over the coming months we’ll be bringing you bitesized articles and new content which look back at the exceptional Milligan track record. ‘Back to the Future’ voiced by different members of the Milligan team, will recount the learnings our team has gathered over a series of retail, leisure, local authority, residential and mixed-use developments and how we now apply them to our future thinking. I’ll also be dipping in to my own experiences over the last 15 years working on major projects in Barnsley, Bath, Belfast, Guildford, Newport, Liverpool, London, Manchester and Sheffield.

“We will bring to life, the six pillars of our approach:

  1. We recognise that everything starts and ends with understanding people
  2. We create place-specific, bespoke solutions
  3. We continually seek new ways to deliver value
  4. We ensure that the mix of uses enliven the space and build the brand
  5. We see things through from concept to execution
  6. We earn trust through speaking plainly and honestly

 

“Stay tuned to our social channels to follow the series:

LinkedIn

Twitter “

Stuart Harris, COO.

Milligan’s COO, Stuart Harris is donning his cycle helmet and lycra this weekend as he prepares to cycle over 500km through the South of France to this year’s MAPIC. The ride is organised by Club Peloton and aligned with a number of charity partners. The main beneficiary, Coram is the UK’s oldest children’s charity and has been transforming the lives of vulnerable children for 275 years.

Stuart said; “This is a brilliant challenge for a really worthwhile cause. I’m not an everyday cyclist so this has meant three months of hard training, although it’s made easier by the fact you are constantly reminding yourself that you’re raising money which will transform children’s lives. We’ve got three days riding ahead of us starting in Le Puy En Velay and ending in Cannes covering over 520 km with nearly 8,500m of climbing!”

Stuart will fly to Lyon before commencing the route along with nearly 50 other cyclists from Le Puy En Velay, aiming to arrive in Cannes on Tuesday to meet colleagues Mike Anderson and Xavi Alemany who are also attending the conference.

It’s not too late to sponsor Stuart  https://my.race-nation.co.uk/sponsorship/entry/230623

The ‘IKEA Design’ concept store at Milligan development Zubiarte, Bilbao is going from strength to strength. Less than a year after opening, IKEA has further committed to the scheme. It is looking to expand its unique home design concept to further enhance the customer experience and meet customer’s needs, creating an area close to the car park where shoppers can return to collect orders, after creating their bespoke room designs alongside design specialists in-store.

IKEA is in the middle of a big transition to expand beyond its out of town warehouse model, to smaller stores in city centres. The design concept which majors on having IKEA experts on hand to assist customers in every aspect of creating their perfect living space also offers home visits as part of this consultation. The Swedish furniture giant opened more city stores than flagship stores last year in a move which reflects changes in shopping habits and the desire for more convenience.

Xavi Alemany, Director Asset Management for Milligan Spain said; “Zubiarte is well located and attracts a wealthy demographic of shopper. Our customers want great service, convenience, a personal approach and good value, so it’s easy to see why this new generation of IKEA is doing so well here”.

IKEA, Zubiarte opened in December 2018, after the €8 million refurbishment of Zubiarte.

 

Milligan Chairman, Rupert Clarke spoke on the panel discussion at the RICS Q3 UK Commercial Property Market launch recently. Unsurprisingly, the conversation turned to the state of retail, where Rupert shared the following insights and viewpoints:

 

“There is no question that the historic retail real estate business model needs to change dramatically at every level. Historic retail real estate business practices are not fit for purpose in the fast evolving retail and town centre environment. The mass market approach to developing, leasing, managing, operating and owning retail assets needs fundamental change. Additionally the professional skills and expertise to achieve this need to be reorientated around the customer and the customer experience.

 

“One of the best examples of sustainable retail development, leasing, managing, operating and owning retail assets is in the Outlet Centre sector which has substantially outperformed the rest of the retail market and where the relationship between owner and occupier is highly incentivised to be collaborative, generating and maintaining an exciting and fresh customer experience.

 

“Apart from a desperate need for a complete reinvention of the owner, occupier, operator and consumer focus, if towns and cities are not to have their economic prospects and future dragged down by deserted retail ghettos, there also needs to be a far more realistic approach taken to underwriting sustainable retail real estate values so that regeneration becomes viable, preferably sooner rather than later. At current values many town centres will not attract much needed new reinvestment capital until the situation on the ground has deteriorated even further.”

 

Rupert has been Chairman at Milligan since 2012. He holds a number of Exec and Non-Exec roles and is the ex-CEO of JLL Corporate Finance and Hermes. He brings with him over thirty years of real estate experience.