Milligan has been appointed as the strategic asset manager for Fleet Walk in Torquay, reinforcing our credentials and experience in asset management and commitment to place-led regeneration across the UK.
This latest appointment follows recent asset management roles in Chesterfield and Huddersfield, marking the third major asset management instruction in just six months. It reflects our expanding portfolio and track record in managing, repositioning and optimising the performance of retail and mixed-use destinations.
Fleet Walk, owned by Torbay Council, is a unique asset — not a traditional shopping centre, but a defining part of Torquay’s high street. With its open facades onto Fleet Street and direct connection between the town centre and the harbourside, it plays a pivotal role in the town’s retail and visitor experience. Anchored by TK Maxx and Sports Direct, Fleet Walk is situated between two major footfall drivers — Primark to the north and the much-loved independent department store Hoopers to the south.
Milligan’s appointment by the Council is a strategic step in its broader regeneration programme across Torbay. The company is currently leading the redevelopment of Union Square in Torquay town centre, alongside its regeneration partners Wilmott Dixon, and the mandate to asset manage Fleet Walk allows for a more integrated approach to addressing how the town centre evolves as whole. Fleet Walk now has a prime position at the heart of a condensed and revitalised retail core as regeneration across the rest of the town centre takes shape.
“Fleet Walk is a critical piece of the puzzle in Torquay’s regeneration story,” said Alex Hyams, Head of Mixed-Use Asset Management at Milligan. “It’s not just about optimising the performance of a shopping centre — it’s about curating a high street experience that works for the community, for visitors, and for the long-term vitality of the town.
“Our role here is to bring strategic thinking and local insight to shape a retail, leisure, and commercial offer that not only complements the wider regeneration of Torquay’s town centre, but also serves the needs of the local community and the growing number of visitors — particularly those drawn by developments like The Strand, the proposed 154-room upscale, harbourside hotel adjacent to Fleet Walk.”
Paul Palmer, Strategic Head of Asset Management at Torbay Council added; “The appointment of Milligan as Strategic Asset Manager for Fleet Walk Shopping Centre marks a significant step change in how the centre will be managed going forward. Their expertise will help the Council unlock the centre’s full potential — enhancing its performance, strengthening its role in the town centre, and elevating the retail and leisure experience in Torquay over the next three years.”
Milligan brings over 20 years of experience in retail-led regeneration and asset management, with a track record of delivering commercially successful and socially impactful projects. Our approach blends asset management with placemaking, ensuring that every intervention supports broader goals around economic resilience, community benefit, and long-term value.
As strategic asset manager, Milligan will work closely with stakeholders to enhance tenant mix, improve customer experience, and align Fleet Walk’s evolution with the wider ambitions for Torbay. Jameison Mills are the appointed leasing agent.
