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RECORD BREAKING CHRISTMAS RESULTS AT SPRINGFIELDS OUTLET

January 22, 2019

Springfields Outlet in Lincolnshire has reinforced its position as the leading shopping and leisure destination in the East of England

A Record Breaking Christmas

  • Total revenue increased +15% year on year
  • Footfall increased +9% year on year
  • 66% of retailers traded above last year by up to +63%
  • Weekly turnover increased by +20%
  • Highest ever weekly sales volume achieved

14 Years of Consecutive Turnover Growth Achieved

2018 was a transformational year at Sprinfields Outlet:

  • An increasingly aspirational tenant mix including Joules, Jack Wills, White Stuff and The Cosmetics Company Store
  • Opened a new £1.2m integrated leisure offer
  • Introduced a new Springfields VIP app
  • New branding across the scheme

Retailer Confidence in Springfields Outlet

  • GAP has signed to renew its lease at the centre
  • The store is undergoing a refurbishment to improve its fit-out, offering a contemporary bright and spacious shopping environment

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

For more information contact Peter Leverett or Susan Harrison

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JACK WILLS TO OPEN FIRST OUTLET STORE AT SPRINGFIELDS OUTLET

November 15, 2018

Jack Wills is set to open its first outlet store in Lincolnshire at Springfields Outlet, the leading shopping and leisure destination in the East of England, the scheme’s fourth new signing in as many months.

The British-heritage inspired clothing retailer, known for its high-quality wardrobe classics is set to open a 1,500 sq ft unit at Springfields Outlet.  It will boost the fashion line-up at the centre, joining other top brands including Joules, White Stuff, GAP, Next and Fat Face.

Ian Sanderson, Director of SLR, said “The importance of an integrated, experiential f&b and leisure offer, alongside a strong retail provision is increasingly attracting customers from further afield and encouraging visitors to stay for longer, to the benefit of retailers.  The expectation of being able to shop at discount all year round has positioned the outlet sector as offering the best of both worlds: year-round discounts and the opportunity to try a product before making a purchase.  Consequently, the outlet sector is increasingly becoming a part of the retailer’s strategies, resulting in new, premium, signings at Springfields”.

Since launch, Springfields Outlet has an average occupancy rate above 98 per cent and has achieved 13 years of consecutive turnover growth since opening in 2004.  The scheme includes 54 outlet stores, nine restaurants, a 58,000 sq ft garden centre and a 43 bedroom hotel.

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

For more information contact Peter Leverett or Susan Harrison

 

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THE BUSIEST JOULES OPENING ON RECORD

November 2, 2018

 

The Busiest Joules Opening On Record

Premium lifestyle brand Joules successfully launched its new store at Springfields Outlet on Thursday 18th October. The opening attracted their largest ever queue of customers for a new store opening, in excess of 250 people. The brand beat their turnover expectations with a truly impressive four-day total.

White Stuff and The Cosmetic Company Store Now Open

With the opening of Joules, Springfields has now welcomed three new high quality brands in as many months, positioning the scheme at the next level. The Cosmetic Company Store (part of the Estee Lauder companies) opened on 1st August. With their offering of award-winning, high-end premium skin care, make-up and fragrance from brands including MAC and Clinique which have attracted many first time visitors from the wider Springfields  catchment.

Premium British fashion and lifestyle brand White Stuff opened their first ever Outlet store in Lincolnshire on 6th September. The brand reported their highest ever turnover for a new store opening, tripling their forecast.

Further New Arrivals

November will see the opening of a well-known young fashion brand with more details to follow.

A Record Breaking Summer

Following 13 consecutive years of revenue growth since opening, Springfields Outlet has reinforced its position as the leading shopping and leisure destination in the East of England, with a significant rise in both footfall and revenue over the school summer holiday period.  With sales +10% YOY and footfall +9%, 65% of all LFL brands traded positively on LY.

The trading boost follows the opening of an innovative new £1.2m integrated leisure offer in June, branded Springfields Adventure Land, that includes the UK’s largest JCB Young Driver’s Zone, Gold Planning and huge Sky Net with 9 towers set in 25 acres of attractive, award-winning show gardens.


For more information please contact Peter Leverett or Susan Harrison

 

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Taylor made for SPACE – Retail Property Consultants

September 26, 2018

SPACE – Retail Property Consultants, the largest niche retail and leisure practice in the Midlands, is growing its market presence and capabilities with the hiring of Ben Taylor BSc (Hons) MRICS.
Founded in 2012, SPACE is a team of experienced property professionals working throughout the UK for an exceptional landlord and occupier client base including UBS, Deutsche Wealth Asset Management, Shearer Property Group, Joules, Dr Martens, Loungers, Pret-a-Manger, Gourmet Burger Kitchen, The White Company, Monsoon, Whittard of Chelsea, Snow+Rock, Cycle Surgery and Trespass, among many others.

Taylor, originally from Derby, joins from Innes England’s Nottingham office where he was previously a Director in the retail department covering the East Midland and Regional markets. He will focus on new client development as well as existing instructions including the roll out of table tennis bar operator SERVE who have recently opened their first 929 sq m (10,000 sq ft) venue in Birmingham and leasing a 23,225 sq m (250,000 sq ft) new-build designer outlet village at Scotch Corner. Taylor has an extensive knowledge of the wider Midlands retail and leisure property market.

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SPRINGFIELDS – OUTLET SHOPPING & LEISURE

September 13, 2018

Following the appointment of SPACE as joint letting agents at Springfields Outlet the £1.2m leisure investment is open as are new occupiers Estee Lauder and White Stuff.

£1.2 million integrated leisure expansion redefines offer at Springfields Outlet

£1.2 million has been invested by The Triton Property Fund, managed by UBS, into the expansion of the innovative, market-leading leisure offer at Springfields Outlet in Lincolnshire – the leading outlet shopping and leisure destination in the East of England. Opened in late June, it is home to the UK’s largest JCB Young Drivers Zone, it is designed to increase footfall by appealing to a broader, more affluent customer base looking for a memorable day-out.

The Cosmetic Company Store signed

As part of the introduction of further premium brands, The Cosmetic Company Store (part of the Estee Lauder Companies) will be opening a 1,860 sq unit at Springfields Outlet this summer.  It will offer its award-winning, high end premium skincare, make-up and fragrance from a number of prestigious brands including Clinique and MAC, at up to 50% off RRP.

13 years consecutive growth

Springfields Outlet has proven it is the leading shopping and leisure destination in the East of England with its track record of 13 years of consecutive turnover growth.  The 200,000 sq ft scheme with 25 acres of leisure attractions is set in beautiful, award winning, landscaped gardens.  Home to 54 outlet stores, nine restaurants, a 58,000 sq ft garden centre and 43 bedroom hotel, it has annual footfall of over 2.3 million.

For more information contact Peter Leverett or Susan Harrison

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Transformation in Uppingham

September 7, 2018

 

SPACE are delighted to have acted on behalf of Hazelton Commercial Limited in relation to The Old Constables , High Street West, Uppingham.

Our client has built luxury apartments on the upper levels and with Costa at ground floor, the building has been transformed from old and disused to an attractive asset for the town.

For more information please contact Susan Harrison

 

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Mint Velvet Open In Market Harborough

September 7, 2018

Acting on behalf of Merlin Properties Limited, SPACE have successfully secured possession of 48 High Street, Market Harborough to facilitate an extension to the ground floor retail trading area. The enlarged ground floor retail area now extends to over 2,000 sqft providing well configured and attractive retail space.

Peter Leverett of SPACE commented “Market Harborough continues to thrive as a strong market town with a healthy mix of best in class independent retailers as well as a raft of well known high street multiple brands offering a broad choice of shopping for the local catchment, tourists and visitors”.

For more information contact Peter Leverett

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The White Company now open in Tunsgate Quarter Guildford

March 19, 2018

 

Delighted to see that clients The White Company are now open in their brand new shop in Guildford in the Tunsgate Quarter!

The White Company have doubled the size of their shop for this relocation into the new Queensberry Real Estate scheme in Guildford city centre. 

Sarah King, Director of Property & Estates at The White Company, said: “We have been trading successfully in Guildford for many years and have a loyal following of customers, but have been looking to increase the size of our store for some time.  Tunsgate Quarter will allow us to showcase a much broader product range befitting our brand.”

For more information please contact Peter Leverett or Naomi Ellwood

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The White Company acquire flagship store in Dublin

March 12, 2018

SPACE are delighted to have advised our retained client The White Company for their country flagship debut in Dublin at 72 Grafton Street with the acquisition completing in just three months.

Iput pension fund have spent about €2 million on reconfiguring the block and enlarging its shopping facilities. One of the benefits of the work has been to highlight a stunning curved vaulted ceiling at first floor level to create a stand out shop for The White Company.

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New shops for Joules and Arcadia in The Lexicon Bracknell.

January 4, 2018

The Bracknell Regeneration Partnership is a joint venture between Legal & General Capital and Schroder UK Real Estate Fund. Together with Bracknell Forest Council, the Partnership is investing over £240 million to transform Bracknell town centre into an exciting one million square foot shopping and leisure destination, The Lexicon Bracknell.

The Lexicon represents one of the biggest town centre regenerations in the UK. In addition to 70 new shops and restaurants, the project also encompasses improvements to the existing High Street buildings and the restoration and extension of local landmark, The Bull. 

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SPACE Retail are attending MAPIC

November 15, 2017

SPACE Retail are attending MAPIC – The International Retail Property Market – 15-17 November – Palais des Festivals, Cannes, France.

SPACE will be working with  joint agents Colliers International discussing leasing enquiries and updates for Scotch Corner Designer Village. 

If you would like to talk to us about our clients or schemes contact:

Peter Leverett, Susan Harrison or Rob Palmer who are all in residence.

 

 

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