Riverside Shopping Centre in Hemel Hempstead will be upgraded and expanded following the completion of a long leasehold purchase.
DSBG Riverside HH Limited (DSBG), a joint venture between Bugler Group and DS Real Estate, has announced its plan to revitalise the shopping centre.
The shopping centre is already home to some of Britain’s best-loved brands such as TK Maxx, H&M and Next, as well as a 113-room Premier Inn hotel.
DSBG now plans to extend the retail centre more than 270,000 sq ft and rejuvenate the area.
A spokesperson for DSBG said: “DSBG, alongside the established Riverside management team, are excited to be opening this new chapter for Hemel Hempstead, bringing a rejuvenated shopping and hospitality proposition to the area.”
Simon Miller, director at DS Real Estate, said: “An exciting future lies ahead. We aim to attract new opportunities for Riverside, including an enhanced retail offering and modernising the premises.”
Photo credit: Bugler Group