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County Square Shopping Centre in Ashford on market for £13.5m

16:00, 10 October 2021

updated: 14:15, 11 October 2021

A town centre shopping mall has been put up for sale for £13.5 million.

County Square in Ashford is on the market less than 10 years after it was last sold.

The centre has been owned by Kennedy Wilson since 2013
The centre has been owned by Kennedy Wilson since 2013

The site was bought by international investment firm Kennedy Wilson in 2013 and is currently managed by Savills UK Ltd.

The 1975-built mall, which was previously known as the Tufton Centre, has room for 70 stores, making up 360,106 sq ft of retail space.

It lost its largest store, Debenhams, in January 2020 after the firm went into administration, but has been boosted by the imminent arrival of HomePlus Furniture in the ex-M&S unit.

A County Square spokeswoman declined to comment on the listing.

Before being sold in 2013, the centre was previously owned by the Britannica portfolio, which was managed by CBRE Global Investors.

Debenhams left its three-storey shop in January 2020
Debenhams left its three-storey shop in January 2020
The Debenhams lettering can still be seen on the outside of the centre
The Debenhams lettering can still be seen on the outside of the centre

The site, which features 600 car park spaces, grew by a third in 2008 when a £60m extension was completed.

Earlier this year, a Jobcentre opened in the former River Island unit and the YMCA charity opened a shop next to Poundland.

Kennedy Wilson has been contacted for comment.

Read more: All the latest news from Ashford

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