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Sigma Retail Partners’ primary objective is to add value to our Capital Partner’s assets through rigorous and effective asset management.

We source assets which are specifically tailored to our Capital Partner’s appetite for risk, investment timeline horizon, debt vs equity requirements and target return expectations.

 

Sigma Retail Partners’ company ethos are centred on a collaborative approach to asset management.

Collaboration

Bringing the best team together and creating a collaborative approach is key to the success of any significant retail asset. The team at Sigma Retail Partners have unparalleled experience in working collaboratively with investors, retailers, banks, developers and their respective professional teams.

We work closely with multi-disciplinary professions including solicitors, accountants, agents, property managers, quantity surveyors, engineers, architects and planning consultants to ensure that we collectively deliver the best possible result for our clients.

We also have an unrivalled track record of working productively with hundreds of international, national and local retailers and their advisors.

Discretion

Sigma Retail Partners respects the importance of discretion and confidentiality. The Managing Director, Marcus Wren, understands this better than most especially given his previous key role with The National Asset Management Agency (NAMA). This has allowed us to have conversations with various parties on opportunities that were not publicly advertised and pursue off-market opportunities. Retailers have shared information on turnover, store performance knowing that information will not be publicised.

Sigma Retail Partners Timeline

2015
2015

Sigma founded by Marcus Wren & Neil Bannon

The Harvest Portfolio of 4 shopping centres was acquired, along with Navan, Sligo and Bray Retail Park. 

2015

Naas, Drogheda, Gateway, Waterford retail parks were acquired along with Manor Mills SC.

Boosting NOI across the portfolio through a combination of lettings, replacement of non-performing tenants, targeted marketing to increase spend in the destinations.

2017
2017

The Square SC was acquired in Spring 2017.

Sale of surplus lands at Thurles, resolution of management company matters to remove landlord voids, NOI strategy continues. Management of construction works at a few locations.

2018
2018

Construction starts on 200,000 sq. ft extension to Gateway Galway

Sale of surplus lands at Bray Retail Park. NOI boosted by the refurbishment of vacant apartments to allow lettings in Dungarvan. Planning permission achieved for stand alone coffee pods in Waterford and Bray Retail Park with these sites subsequently sold.

2020
2020

Planning permission lodged for retail extension at the Square SC

Non-core sales continue with a sale of a stand alone motor showroom, F&B investments, retail units located separately to the core asset, surplus lands. Overseeing planning regularisation and challenging successfully overcoming enforcement actions.

 

2022
2022

Refinancing of two portfolios occurs during Covid lockdown periods, resilience of the portfolio was demonstrable through a mix of essential retailers, external units and covenants.

Non-core sales continue with stand-alone investments, sale of lands, surplus house sold, CPO process managed. Planning permission achieved for change of use planning.

2022

Covid 19 restrictions present a number of asset management challenges, while also addressing additional measures in providing extra H&S to safely reopen and liaising with retailers head offices.

Sale of additional accommodation to an anchor tenant, agreed sale of site subject to planning deal. Despite retail restrictions, new leases were signed to occupiers. Terms agreed with Penneys & Movies@ as replacement anchors in The Square SC.

 

2022

Delivery of new space for Penneys The Square and Movies @ along with handover of space in Parkway for Decathalon.

Disposal of portfolio of community shopping centres. Leasing activity remained strong across provincial and Dublin locations.

2023
2023

Ongoing asset management initiatives on properties, Decathalon opened May 2023