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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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YORKSHIRE RETAIL OUTLET SCHEME WINS PRE-LETS FOR 50% OF SPACE

February 27, 2020

THE DEVELOPER OF A NEW RETAIL OUTLET SCHEME IN YORKSHIRE HAS REVEALED PLANS FOR THE FIRST £90M PHASE AND SIGNED UP HALF THE AVAILABLE RETAIL SPACE AHEAD OF ITS OPENING NEXT YEAR

Plans to build the leading outlet shopping and leisure destination in the North of England, Scotch Corner Designer Village, have been unveiled.  £90 million is being invested in Phase One which will comprise 92 retail and dining units across 250,000 sq ft.  The first 23 brands to sign-up include BOSS, Calvin Klein, Tommy Hilfiger, Adidas, Levi’s, Mint Velvet, Joules, Gap and Skechers. Located at Junction 53 of the A1(M), the scheme will be one of the most accessible retail and leisure destinations in the UK. Passed by more than 28.9m vehicles each year and with a wide catchment of 3.8m residents within a 60-minute drive time, annual footfall is expected to be over 4.

Plans for a second phase are expected to be submitted in the next six months and may include more retail and leisure space, a garden centre and a hotel.

Simon Waterfield, developer and co-owner of Scotch Corner Richmond, told Property Week that outlet villages had largely avoided the woes of high street retail.

“In the last five years, outlets have performed at 10 times the sales growth of standard centres,” he said. “Outlet model leases are base rent related with a turnover top-up. Base rents are kept at a sensible level and with the footfall we will attract, retailers do well in turnover, so we do well in rent.”

Waterfield added: “With no other major outlets centres within a 60-minute drive, and local towns providing a lower-priced fashion offer, we feel confident we will add to the appeal and prosperity of the region.”

Enabling and infrastructure works are under way at the site.

SPACE – Retail Property Consultants has been appointed by Scotch Corner Designer Village as sole leasing agent for Scotch Corner Designer Village.

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

 

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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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THAI RESTAURANT CHAIN GIGGLING SQUID OPENS IN LEICESTER

February 7, 2020

SPACE – Retail Property Consultants, advising landlords Shearer Property Group, are delighted to announce the arrival of Giggling Squid to St. Martins Shopping centre.

They will occupy the former Grillstock / Pizza Express unit within the heart of the square, joining Mowgli who opened within the scheme in September 2019.

Their arrival will add to the vibrant and eclectic mix of strong, independent retailers and restaurateurs including Bodega Cantina, Kai, Tonne, The Bottle Garden, The Zero Waste Store and St. Martins Coffee / Crafty Burger.

Giggling Squid will trade from c.2375 sq. ft. on the ground floor with additional balconied first floor seating.  Importantly, they will utilise the entrance not only fronting the main square but also the intricate entrance on Cank Street, helping to improve footfall all around St. Martins and The Lanes in general.

Martin Herbert of SPACE added: “It is now less than a week to go before Giggling Squid open their doors. With two nearby units being under offer to complementary food offers, St Martin’s is enhancing it’s reputation as the premier mid market shopping and dining quarter of the city.

For more information please contact Martin Herbert.

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SORBON ESTATES APPOINTS AWARD-WINNING RETAIL SPECIALIST SPACE FOR THE FINAL 17,500 SQ FT OF CHAPEL ARCHES

February 5, 2020

Sorbon Estates is pleased to announce the appointment of SPACE – Retail Property Consultants as sole letting agents on Waterside Quarter, Maidenhead which is the third and final phase of the Chapel Arches regeneration scheme in Maidenhead Town Centre.

The first two phases, Chapel Wharf and The Picturehouse are home to Bakedd, an independent artisan bakery, and trending dining concept, Coppa Club.

Phase 3 will see approximately 17,500 sq ft of new commercial, restaurant and retail space across nine units.  Construction is well advanced with the first block (Block C) comprising 6,000 sq ft / 3 units due to complete in summer 2020.  The next phase, (Block B), which will front directly on to the Waterway will be available in Autumn 2020 and the final phase (Block A) of another 3 High Street fronting units are due to handover the following year.

The whole Chapel Arches scheme together – Waterside Quarter, The Picturehouse and Chapel Wharf – brings to the town a total of 259 new homes and 30,000 sq ft of commercial space.  The arrival of Crossrail, expected to open at Maindenhead train station in 2021, will further improve the town’s connectivity, making it an even more sought-after place to live and work.

Ed Davidson, Senior Leasing Manager at Sorbon Estates, said: “This final phase will be the last piece of the jigsaw in creating an exciting new quarter in Maidenhead.  The mix of high quality residential and trendy retail and leisure operators will undoubtedly make this a very attractive area to live in as well as visit. Chapel Arches is breathing new life into Maidenhead, and we very much look forward to working with SPACE to ensure that it continues to offer an interesting and diverse tenant mix.”

Sorbon Estates was advised on the appointment by Nick Young and Co.

For more information please contact Martin Herbert or Josh Porter

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THE GYM – STECHFORD RETAIL PARK

February 4, 2020

The Gym has signed a 15 year lease on Unit G, comprising 7,500 sq ft at Unit G Stechford Retail Park in Birmingham. They will occupy the former Poundworld unit.

Stechford Retail Park comprises 104,090 sq ft with 602 car parking spaces. The retail park is home to Matalan, Home Bargains, Pets at Home, Peacocks, The Food Warehouse, Bensons for Beds, Argos, McDonalds Drive Thru and the recently signed B&M Retail for unit of 20,000 sq ft plus a new 5,000 sq ft garden centre.

Susan Harrison of SPACE – Retail Property Consultants comments “Stechford Retail Park is a strong retail park with a great mix of occupiers. We are delighted to have secured representation on behalf of The Gym here”

SPACE – Retail Property Consultants acted on behalf of the Gym Group.

For more information please contact Susan Harrison

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FORK-IN-CHIPS OPENS IN LOUGHBOROUGH

January 21, 2020

The new exciting concept Fork-In-Chips has been launched in Loughborough where they will debut their first store which opens tomorrow.  Fork-In-Chips have taken the former Greenwoods store at one of the most prominent corner positions within Loughborough town centre at 16/17 Market Place on a new 10 year lease.

Fork-In-Chips know that the humble chip is deeply loved and they love it too.  They have studied and mastered the art of chip making using oleic sunflower oil which is low in cholesterol and gives a better crunch while leaving the soft fluffy texture in the centre.

British potatoes, hand cut on the spot, triple fried, topped off with flavours from around the world and served piping hot in a cone and ready to eat!

SPACE – Retail Property Consultants acted on behalf of the Landlord, Glenstone Property Group.

For more information please contact Martin Herbert or Josh Porter.

 

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RUTLAND CYCLE OFFICE RELOCATION

January 21, 2020

SPACE are delighted to have secured new office space for Rutland Cycling at Burrough Court.

Burrough Court is a historic, family run business nestling in 1,200 acres of beautiful, inspiring wooded farmland in the heart of rural Leicestershire, offering contemporary offices, stunning meeting rooms, bespoke storage solutions, business units, hot-desking and virtual offices.

Rutland Cycling took a new 5 year lease on office 21.3 comprising 5,561 sq ft.

Rutland Cycling are a leading independently owned business with 12 stores selling road, mountain and E-Bikes from the world’s premium cycling brands.  SPACE are also instructed to find further store opportunities across the UK.

For more information please contact Rob Palmer

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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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SPRINGFIELDS SHOPPING OUTLET REPORTS CHRISTMAS HOLIDAY SALES RISE

January 10, 2020

Christmas trading results from Springfields Outlet in Lincolnshire once again demonstrate its resilience as the leading shopping and leisure destination in the East of England having achieved 15 years of consecutive turnover growth.

When comparing the Christmas school holidays, from 19th December 22019 to 5th January 2020 inclusive, with the same school holiday period in 2018 total revenue increased by +2% year-on-year.  Within this period, the most successful week achieved +12% YoY uplift in total revenue.  The destination also enjoyed its busiest Boxing Day sale launch ever with 40% of LFL retailers reporting double digit increases.

Across the calendar year of 219 the scheme delivered a total revenue of +2% YoY with footfall increasing by the same amount.  This follows a record-breaking Black Friday week in which the centre achieved its highest ever weekly take; with individual retailers trading up to +5% on a life-for like basis.  The positive results are in stark contrast to the most recent industry stats which show that footfall declined by -4% in the post-Christmas sales, according to Springboard.

The retail results were boosted by a regular and varied programme of seasonal consumer activities including Wonderland Walk, a free immersive light experience set in the onsite Festival Gardens, a Christmas Grotto, and an ongoing VIP Programme and app with exclusive offers and competitions.

Ian Sanderson, Director at SLR which developed and asset manages the scheme, said: “We’re proud to have achieved 15 years of consecutive turnover growth, especially within the existing retail climate.  Our integrated leisure offer has helped to really support our positioning as a destination.  This has been supported further by the array of family-friendly seasonal activities over the past six weeks and further technical developments of our Springfields VIP app.  All of which has helped us to stand-out as the destination of choice for the location catchment and provide a memorable Christmas experience that has been reflected in the strong footfall and trading stats.”

 

Owned by the Triton Property Fund and managed by UBS, Springfields is a 200,000 sq ft scheme with 25 acres of leisure attractions set within beautiful award-winning landscaped gardens.  According to research by Savills, schemes need to offer something more than price point alone, with browsing and leisure elements key drivers for the overall experience.  Indeed, some 33.6% of shoppers consider leisure facilities to be more important at outlet retail brands such as Crew Clothing, Joules, Gap, TM Lewin, Radley, The Cosmetics Company Store, Skechers and M&S, the line up is complemented by integrated leisure offer Adventure Land, which includes the UK’s largest JCB Young Drivers Zone, and line-up of cafes and casual dining restaurants.

The scheme has a series of exciting expansion plans over the next few years, which will further enhance the customer offer and experience, and attract a more affluent customer.  Planning allocation of space and change of use has been agreed for a 50,000 sq ft extension.  The £18m investment will finance up to 19 new retail and casual dining units.

Agents for Springfields Outlet are SPACE Retail Property Consultants and Knight Frank.

For more information contact Peter Leverett, Susan Harrison or Ben Taylor

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GRAPE TREE OPEN IN MARKET HARBOROUGH

January 7, 2020

SPACE are delighted to see Grape Tree opened at 22 The Square, Market Harborough at the end of last year, taking place of the former Johnsons Dry Cleaners.

Grape Tree is dedicated to ensuring their products are the finest natural whole foods, offering exceptional value, choice and quality second to none.

SPACE acted on behalf of the Assignor Johnsons Cleaners UK Limited, Rob Powter & Co acted for Grape Tree.

For more information contact Josh Porter or Martin Herbert

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RECORD BREAKING BLACK FRIDAY AT SPRINGFIELDS OUTLET

December 4, 2019

Springfields Outlet has once again demonstrated its continued resilience, bucking trends when compared to full-price retail destinations, reporting positive trading and footfall stats for the Black Friday trading period. From Monday 25th November to Sunday 1st December 2019, footfall rose by +5% when compared with the same period last year. Additionally, the leading shopping and leisure destination in the East of England achieved total revenue growth of +6% year-on-year.

The same week was the busiest sales week on record for Springfields, beating last year’s record by +3%. Every category at the destination reported increased trading stats with fashion and beauty retailers such as Crew Clothing, Joules, Jack Wills, The Cosmetics Company Store, Next Outlet and The Body Shop performing especially well, with stores trading up to +51% on a like-for-like basis.

Springfields Outlet has achieved 14 years of consecutive revenue growth since opening in 2004, with an average occupancy rate of 98%.

Ian Sanderson, Director at SLR, which developed and asset manages the scheme, said: “The strong trading performance Springfields is experiencing is testament to the environment at the destination. Providing a family day-out experience with something that appeals to people of all ages, the integrated and complementary leisure and dining facilities create a real point of difference. Attracting visitors from a really broad catchment, with significant numbers travelling more than 90 minutes, it’s a real destination for the East Midlands and parts of East Anglia. This is evidenced by the trading and footfall stats which illustrate how positively Springfields is trading in comparison to the wider, full-price sector.”

To complement the integrated leisure offer, Springfields hosts a regular and varied series of events throughout the year. This Christmas, to support the retailers during a key trading period, Springfields is hosting Wonderland Walk, a free, festive immersive light experience set in the award-winning onsite Festival Gardens. Younger visitors can also meet Father Christmas in the Springfields Grotto where each child will receive a gift and a free Santa hat from independent retailer, Starlings Toy Outlet. The retailer, which opened at Springfields in August 2019, has been trading exceptionally well since launch and continues to far exceed expectations. The brand has introduced an experiential Lego corner, further boosting the leisure offer at the destination, which sits alongside its wider selection of top-brand children’s toys including a huge Lego offer, Playmobil, Hot Wheels, Barbie and Fisher Price.

The 200,000 sq ft scheme is home to 50 outlet stores such as Jack Wills, Joules, White Stuff, Fat Face, Crew Clothing, The Cosmetic Company Store, Gap, Next and Skechers. With 25-acres of leisure attractions set in beautiful landscaped award-winning gardens. The combination of facilities; retail, dining and leisure is a crucial aspect in creating the complete package which appeals to a variety of customer groups and emphasises the experiential nature of the destination.

Located in south Lincolnshire, the 45-acre retail and leisure scheme is on the junction of the A16 and A151, close to the junction with the A17 providing easy access to Peterborough, Stamford, Nottingham, Lincoln and Kings Lynn. The catchment includes East Anglia, Cambridgeshire and the East Midlands.

Further demonstrating the success of the scheme, it has been announced that £18 million will be invested into a new extension at the centre. The planning allocation of space and change of use has been agreed for the new phase. The proposed design will add an additional 50,000 sq ft of retail and casual dining space, and some 19 new units, attracting opportunity for further brands at the centre.

Owned by the Triton Property Fund, managed by UBS, the scheme has recently undergone a repositioning programme. This has helped to attract new retailers and new customers from within its wide principal catchment and is further increasing tourist numbers visiting.

Agents for Springfields Outlet are SPACE Retail Property Consultants and Knight Frank.

For more information contact Peter Leverett, Susan Harrison or Ben Taylor

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AWARD WINNING TRAVEL AGENCY TO OPEN ITS 13TH MIDLANDS OUTLET IN RUGBY

November 28, 2019

An award-winning travel agency has chosen to take a trip to Rugby to site its 13th Midlands outlet in the town.

SPACE – Retail Property Consultants secured Millington Travel as the latest occupier at the Swan Centre and is currently fitting out unit 12 in order to open its doors before Christmas.

Martin Herbert of SPACE said, “We’ve been pleased with the progress made at the Swan Centre.  We are targeting good quality restaurants and retailers to complement the existing tenants as the centre continues to evolve”.  This letting follows the announcement in autumn that Libertine Burgers opened in the restaurant quarter.

Millington Travel, which was named Central England travel agency of the year at the 2019 Agent Achievement Awards, has 12 other outlets throughout Leicestershire, Warwickshire and Northampton.

SPACE are joint letting agents alongside Harris Lamb and Hartnell Taylor Cook.  Scott Property Consultants advised Millington Travel.

For more information contact Martin Herbert

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BROOK TAVERNER OPENS THEIR SECOND YORKSHIRE BASED STORE IN NORTHALLERTON

November 15, 2019

Menswear independent Brook Taverner has opened its second Yorkshire based store this weekend, just four months after its debut into the county in Beverley.  The new store at 174 High Street, Northallerton will allow Brook Taverner to trade from 2,100 sq ft and showcase the full menswear collection for Autumn Winter 2019.

Jason Scott, Managing Director, commenting on his brand’s ability to buck nationwide high street trends, states: “We opened our first Yorkshire store in Beverley in June, and we have been delighted with the response.  Northallerton has been at the top of our list of targets for a number of years, so when a suitable site became available, it was an easy decision to open our second store in such a discerning and prosperous town”.

SPACE continue to assist Brook Taverner and are seeking further stores to open in the second half of 2020.

For more information contact Rob Palmer

 

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JUST SO ITALIAN NOW OPEN IN ST MARTIN’S SQUARE, LEICESTER

November 13, 2019

The midlands based Café/Deli, Just so Italian has opened its doors at 14 St Martin’s Square, Leicester this week taking 1,454 sq ft on a 10 year lease in the former Escape Asylum.

Just so Italian are Danilo and Alison Trozzi, Italian chefs who have trained and worked in Italy and now live in the UK, starting Just so Italian in 2008.  Alison Trozzi says “We will be offering a place for people to come relax with an Italian coffee, sample our wonderful freshly made pizza or focaccia or treat themselves to one of our delicious Italian pastries.  We’ll also be offering a range of freshly prepared food to go for people in more of a hurry.  The shop will also stock a full range of traditional and authentic Italian food imported by us, including a superb range of cheeses and salami”.

Understanding the importance of great ingredients and believing that Italy produces some of the best foods and ingredients in the world – born of centuries of tradition and a passion for quality and taste.

Also located in Market Harborough and Stamford, their delis are just as you might find them in countless towns across Italy, so whether you want to relax with an Italian coffee, sample their wonderfully freshly made pizza or focaccia or treat yourself to one of their delicious Italian pastries, you will be spoilt for choice.

The Landlords, Shearer Property Group were represented by SPACE – Retail Property Consultants.

For more information contact Martin Herbert

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PETER LEVERETT – WEMBLEY PARK CYCLE TO MAPIC 2019

November 11, 2019

Peter has chosen to raise funds for Club Peloton and is taking part in Wembley Park Cycle to MAPIC 2019.

The ride is from the small medieval town of Le Puy in central France, through the Ardeche and Cevennes regions, before climbing the Gorges du Verdon and then down into Cannes on the coast, finishing a day ahead of MAPIC, the annual retail property conference where he will be working on the stand for Scotch Corner Designer Village, one of our clients.

Peter is fundraising in aid of the charity, Coram, the UK’s oldest children’s charity, who provide much needed help to find vulnerable children loving new homes. The number of children in care is the highest it has been for years. They provide a unique safety net for children who are frequently ignored or marginalised by those responsible for their care.

Coram is responding to the exploitation, hardship, abandonment and growing social care crisis blighting young lives. They address the challenges by developing and delivering services to create a lifetime of difference for 1.4m vulnerable children, young people and families each year.

You can read more about their work on this link here

We would be very grateful if you would consider sponsoring Peter – the details of the ride are in the link here http://clubpeloton.org/mapic

Peter would appreciate your sponsorship however large or small and you can do so easily by clicking on the link here; Go to my fundraising page❯

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A WHITE CHRISTMAS IN SOUTHAMPTON

November 5, 2019

Following the successful pop up store at the mall last year, The White Company have now opened in Westquay Shopping Centre, Southampton.

The 6,500 sq ft flagship store at Unit SU20 West Quay opened last week in plenty of time for Christmas, selling ‘stylish and beautifully designed’ homeware and clothes.

Sarah King, the Director of property at The White Company said: “The White Company are delighted that we will be opening in time for Christmas in Westquay.  We have been looking at Southampton for quite some time and following our successful pop-up in Westquay last Christmas we knew this opportunity would be a perfect addition to our portfolio.  We are looking forward to seeing our store come to life and can’t wait to become part of the exciting shopping destination that is Westquay Southampton”.

SPACE – Retail Property Consultants are the retained agents for The White Company.

For more information please contact Peter Leverett

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INFLATANATION BOUNCE INTO PETERBOROUGH

October 22, 2019

InflataNation will open its doors next month in Peterborough and represents the first attraction of its kind for the region.  The new indoor inflatable theme park will be located at Peterborough One Retail Park in the recently vacated Cotswold Outdoor unit and will boast 14,000 sq ft of inflatable fun for adults as well as children.  Offering climbing walls, obstacle courses, gigantic ball pools and an ‘Inflata Bubbles’ section which is designed for visitors to  achieve optimum bounce heights.

Matt Ball, co-founder of Inflata Nation, said: “We are very excited to be opening a brand new venue in Peterborough and we believe it’s Cambridgeshire’s first ever indoor inflatable theme park.  The message from us is simple – Everyone is welcome, no matter your age, and we think big kids will have just as much fun on the inflatables as the wee ones.  The park itself will boast a whole host of features designed to put a smile on your face”

Paul Dunn, Asset Manager for Peterborough One Retail Park said: “We are delighted to have this unique leisure offer here at Peterborough One.  The feedback we have received from other tenants and local people has been nothing short of fantastic.  This is an integral part of our plan to maintain vibrancy here on this well-loved retail park~”

Inflata Nation is a national franchise with other outlets in Manchester, Birmingham, Glasgow, Newcastle, West Bromwich and Runcorn.

SPACE – Retail Property Consultants acted on behalf of the Landlord Barrow Close Investments Limited.

For more information contact Susan Harrison.

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