Historic UK shopping centre dubbed ‘jewel in the crown’ goes on sale for second time in 250 years

A HISTORIC UK shopping hub has been put up for sale. The picturesque Georgian arcade is on the market for the second time in 250 years. A beloved UK shopping parade is up for sale Credit: Alamy The Pantiles in Kent’s Tunbridge Wells is on the market once again Credit: Bethany Clarke – The Times The Pantiles in Royal Tunbridge Wells has been hailed the “jewel in the crown” of the iconic Kent town. It was last sold in 2008 to its current owners, Targetfollow. Sign up for the Money newsletter Thank you! The bustling parade of shops boasts various independent retailers along with pubs, restaurants, coffee shops and cafés. The area also hosts regular events, fairs and markets, such as food and drink festivals and weekly jazz nights. The shopping district boasts 25 units which span 52,410 square ft, along with 29,581 square ft of residential and work space that sits above. It’s been put up for sale in what has been called a “rare opportunity” for potential buyers. BNP Paribas Real Estate, Strutt & Parker, and Targetfollow have listed the pretty colonnade for an undisclosed price. BNP Paribas Real Estate spokesman Hugh White said: “The Pantiles represents an exceptionally rare opportunity to acquire one of the UK’s most recognisable and historically significant mixed-use estates. Most read in Money “Opportunities to purchase assets of this scale, heritage and quality are incredibly scarce, particularly those that combine strong existing income with genuine long-term asset management and placemaking potential.” While Tunbridge Wells Borough Council does not intend to bid on the space, councillors have confirmed that they will ensure that The Pantiles and its historic elements are protected. “Deputy leader of the council, Cllr Justine Rutland, said: “I know many residents will be following this news closely and I would like to reassure them that there are strong protections in place for both these valued and cherished assets. “We look forward to working with any future owner or owners, who we trust will care for and protect these special places for many years to come,” she added. Comment now