A new future secured for Soar
Debenture PLC has taken control of Soar, formerly the Xscape at Braehead, appointing a leading asset and property management team to the 370,000 sq ft retail, leisure and entertainment destination.
Concluding the transition of Soar from intu and kick-starting its transformation, property management company MAPP has been appointed to support the existing centre team. Specialist investment manager APAM will assume asset management responsibilities.
The centre will continue to operate under the Soar branding ahead of a revamp and new name in late 2020. The rebrand will include a new logo, external signage and website.
Nigel Mapp, CEO at MAPP and Simon Cooke, Executive Director at APAM, said: “The onsite team at Soar is outstanding and we are working with them to grow the team. Together we’ll ensure that many, many more fun and memorable experiences are had at Scotland’s unique entertainment destination.”
Jim Tucker, partner at KPMG and joint administrator at intu, said: “The orderly migration of intu’s centres to new management continues at pace despite their challenges, with further transitions set to conclude in the coming days. We thank the team at Soar for their support during the administration process and wish them well for the future.”