Fri, 13 Feb 2026 | COMMERCIAL PROPERTY
A shopping centre in West Yorkshire has been acquired in a deal worth around £32 million. The Kingsgate Shopping Centre in Huddersfield totals 280,000 sq ft of retail and leisure space and attracts more than 4.7 million visitors annually, generating gross income of approximately £4.5 million a year.
The centre’s key anchor tenants include prominent retailers such as TX Maxx, Sports Direct and Boots, which is due to open this year. Another anchor tenant is The Light, a 70,000 sq ft cinema and leisure complex that opened in April 2025, replacing the centre’s former House of Fraser store.
The scheme was initially developed in 2002 and, since then, has been owned and managed by WD Limited. The centre has reportedly attracted significant investor attention since it was brought to market and has now been acquired by Northdale Advisors.
Peter Everest, Chief Executive at WD Limited, commented: "This is the end of our 30-year involvement with Kingsgate. From its original construction and through a changing retail landscape, it has evolved into a diverse retail and leisure centre that will be the heart of Huddersfield for years to come."
WD Limited were represented by Cushman & Wakefield on the deal, while LM Real Estate acted for Northdale Advisors.
Josh Vernon, partner in Cushman & Wakefield's Retail Capital Markets team, said: “Since launching to the market, the asset has generated a significant amount of attention from investors due to its clear potential and opportunities to grow revenue.”
"This includes building on the strong leasing activity taking place within the centre and enhancing the F&B offering to create a leisure quarter. The strong depth of interest clearly demonstrates the broadening appeal of the shopping centre investment market."
John Griffin, joint managing director and head of investment at LM, added: "We have been supporting Northdale Advisors since 2022, helping them to acquire a number of value-add assets with strong opportunities for active asset management and income growth.”
"This purchase is a great example of that strategy in practice, with its evolving leisure offering and the potential to further enhance the scheme to support the wider 'cultural heart' regeneration being delivered by Kirklees Council."
Find out more about growing investor interest in shopping centres in our deep dive look at M&A in the UK retail sector
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