Focus Estate Fund has secured lettings on two of the largest vacant units at Island Green Shopping Centre in Wrexham — the former Wilko and Asda Living stores — marking a major step forward in repositioning the scheme.
The units have been taken by Trade Outlet, a growing discount retail chain offering a mix of household goods, electricals, homewares, and general merchandise. The brand will occupy over 45,000 sq ft combined, breathing new life into long-vacant anchor space and broadening the value offer at the centre.
Maxim Skolnick, General Partner at Focus Estate Fund, said:“At Focus Estate Fund, we specialize in turning around retail assets by identifying value-added potential and unlocking it through active management and strategic repositioning. Island Green is a clear example of this strategy in action. When we took over the scheme, it was facing significant challenges — several major voids, declining footfall, and underutilized potential. Today, all key units are re-let, the tenant mix is stronger, and early indicators show the centre is regaining its traction. This turnaround wouldn’t have been possible without the excellent work of the teams at Estama and Barker Proudlove, and our in-house asset management team. There’s still more to come — we’re continuing to build on this momentum to deliver the strategy at its full potential.”
Alex Butler, Managing Director at Estama of Island Green, added: “These lettings are a big win for the scheme and the town. We’re expecting a solid uplift in footfall as the new stores open, and the leasing momentum puts us in a strong position to complete the final phase of the asset plan.”
Occupancy at Island Green has increased from 71.4% to 98,7%. This quick turnaround reflects the proactive and focused approach of Focus Estate Fund. Footfall at Island Green has already seen a measurable uplift since the fund took ownership of the scheme. Thanks to a proactive asset management strategy — including improvements to the tenant mix, operational upgrades, and enhanced site presentation — the centre is seeing increased activity; according to data from Euro Car Parks, the number of cars at the shopping centre rose by 23.8% compared to the same period last year. With the final major voids now let, this upward trend is expected to continue into the second half of 2025 as the new stores open. With the final major voids now let, this upward trend is expected to continue into the second half of 2025 as the new stores open.
Island Green is owned by Focus Estate Fund, which specialises in value-add retail and mixed-use investments across the UK and Europe.
Focus Estate – a private equity real estate investment fund focusing on non-prime value-added retail properties. The Fund’s strategy is to invest in the existing mid-market convenience retail properties in Europe’s most dynamic markets.
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