Author Archive

Ben Taylor

38-46 GOOSE GATE, NOTTINGHAM

March 9, 2020

SPACE – Retail Property Consultants are delighted to announce completion of the unconditional sale of 38-46 Goose Gate Nottingham on Friday on behalf of a family prop-co.  The large mixed-use block is situated in the heart of Nottingham’s Lace Market and represented a rare redevelopment opportunity in one of Nottingham’s most sought after locations in the city centre, having dual access from Goose Gate and Woolpack Lane.  Following a short marketing campaign and receiving multiple unconditional and conditional offers, the property was sold in excess of the £1.25m asking price.  It was also good to work with the purchaser’s agent Ben Tebbutt at Box Property.  SPACE will be bringing forward further investment assets on behalf of the same prop-co in Notts, Leics and Northants in the coming weeks.

Please get in contact with Ben Taylor and Peter Leverett for further information.

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PLANS IN FOR OUTLET’S MAJOR JOB-CREATING EXPANSION

February 19, 2020

Building on the success and 15 years of consecutive growth, our client at Springfields Outlet announces plans for a major extension which will crate about 350 new jobs, 15 new stores and 3 restaurant/cafes.

Springfields Outlet is seeking permission from South Holland District Council to create about 15 new stores as well as three café / restaurant units.

The move comes after the outlet’s owner, Triton Property Fund, managed by UBS Asset Management, conducted a consultation last year.

The plans also include 236 additional parking spaces.

The improvements to Springfields Outlet are proposed on Camelgate, on the site of the NFU Mutual building and the car park next to Travelodge.

The NFU Mutual already has planning permission for new offices to be built on a new site next to Springfields.

If approved, the expansion will take the total number of people employed at the centre to about 1,000.

Ian Sanderson of SLR Outlets, who operate Springfields Outlet, said “Springfields has gone from strength to strength since opening over 15 years ago and I am proud that we can lead on this significant investment into Spalding.

“New high-quality retail and leisure space at Springfields Outlet will improve our offer to customers, cement our position as the leading shopping and leisure destination in the east of England, and create a large number of new jobs for local people.

Over many years, Springfields Outlet has invested heavily in new technology and innovative ways of advertising and promoting Springfields and the town.

“This planning application gives us a renewed opportunity to work with the council and traders to promote the town centre and a wider area”.

A decision is expected to be made by the council in the summer.

For more information please contact Peter Leverett, Ben Taylor of Susan Harrison.

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THE WORKS, ALBION CENTRE, ILKESTON

January 20, 2020

SPACE is pleased to announce a raft of activity at The Albion Centre, Ilkeston.  Units 2-4 have recently been let to The Works who opened in time for Christmas.  This was followed by the completion of 2 lease renewals to Savers and Superdrug.  The Albion Centre is Ilkeston’s principle shopping centre anchored by a recently renewed and refurbished B&M store.  Other occupiers include Sports Direct, Tui, Costa, Cex, Shoezone, Farmfoods and Select.  The last remaining unit totals 1500 sqft at ground floor  with the same at first floor and will be available following a period of refurbishment in February 2020.

Interested parties should contact either Ben Taylor or Martin Herbert

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THE COD’S SCALLOPS – AWARD WINNING CHIPPY OPENS IN MARKET HARBOROUGH

September 26, 2019

The award winning fish and chip brand The Cod’s Scallops has opened its doors in Market Harborough.

Not just your ordinary chippy, The Cod’s Scallops offers a whole array of delights for the seafood lover – sea bass, mussels, monk fish, sword fish, prawns, hake, cod, whelks and even oysters…. They have taken 1,289 sq ft at ground floor at Edinburgh House, Abbey Street on a new 10 year lease. The restaurant has 40 covers as well as a takeaway. This will be their 4th location, currently trading from Wollaton, Carrington and Long Eaton, with the brand’s commitment to serving ‘the freshest seafood in town’ has earned a number of awards, including being voted one of the top 50 takeaways in the UK.

SPACE – Retail Property Consultants acted for the landlord and Box Property acted for The Cods Scallops.

For more information please contact Ben Taylor.

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PHASE 3 EXTENSION FOR SPRINGFIELDS OUTLET

April 29, 2019

Springfields Outlet in Lincolnshire has once again demonstrated its resilience, achieving positive trading stats in the first quarter of 2019 and across Easter school holidays. The leading shopping and leisure destination in the East of England, spanning from Peterborough and Lincoln to Kings Lynn and Stamford, has also announced a major new investment into the centre with an allocation of space granted for a 19-unit extension.

 

£18m investment into Phase 3 extension announced

  • Major new investment will allocation of space and change of use of space agreed
  • Proposed new development to add 50,000 sq ft including 19 retail units and 4 restaurants and cafes
  • Car parking space to increase dramatically plus introduction of electric vehicle chargers
  • Planning consent expected to be granted August 2019

Continued resilience of the outlet destination

  • 14 years of consecutive turnover growth
  • Average occupancy rate of 98%
  • 3rd highest market potential sales density of any outlet in the UK
  • Integrated leisure offer and varied events programme attracts more visitors from further afield

Recent trading reinforces outlet bucking the trend

  • Total Easter revenue increased by +4%
  • Year of year +9% revenue growth in Q1
  • Year on year +5% increase in footfall in Q1

For more information contact:

Ben Taylor, Peter Leverett or Susan Harrison

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