The team at Orinsen remains buoyant, even in one of the most challenging retail markets, as it announces new client wins. In March, the team was appointed as joint agent for the Overgate shopping centre in Dundee, which is owned by L&G Property. In early April, Orinsen was appointed as retail agent at Straiton retail park on the outskirts of Edinburgh, which is owned by Orchard Street Investments.
Overgate is the primary retail destination in Dundee with 420,000 square feet of retail space right in the city centre. With anchor tenants including H&M and Primark, the ambitions for the shopping centre are strong and remain optimistic for the future. The Orinsen team will work as joint agents with CBRE on Overgate.
Orinsen has been appointed as sole agent by Orchard Street Investments to manage the 100,000 sq ft terraced at Straiton retail park which is anchored by TK Maxx and Dunelm. The retail terrace is located within a 750,000 sq ft major retail destination which includes Ikea, Costco and sits directly next to Peels’ ownership of Straiton retail park.
The announcement of these client wins demonstrates the combined experience and expertise of the Orinsen team. In January 2020 Andy Bain, Tom Forster and Anna Hansen, all formerly of Eric Young and Company, joined forces with Chairman Eric Young to launch Orinsen. Between them they have 80 years of experience.
The company’s founding vision was to inject an innovative and entrepreneurial approach to the commercial property market in Scotland and beyond. With these wins, and others in the pipeline, it is already consolidating its place as a forward thinking and agile contender in the retail and mixed-use commercial property market.
Tom Forster, director of Orinsen commented: “We are living in exceptional circumstances and there is no market unaffected by the impacts of Covid-19. The retail sector is facing challenging times, we cannot deny that. However, we are continuing to experience a lot of interest across the retail and mixed-use sectors as retailers and investors plan ahead for a future that will emerge quite differently from what has gone before. We are really pleased about these wins in Edinburgh and Dundee and believe that they demonstrate an appetite for a new approach and style in the agency market.
“2020 has been more eventful than us, or anyone, could have predicted. The whole Orinsen team we are working throughout this period of lockdown and looking ahead to the future. We remain optimistic and focused on the emergence of a retail sector that puts experience, transparency and an ability to act and think quickly as a core priority. We believe that is what will be needed and it is certainly what we can offer.”