Archive for

February 2020

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

February 27, 2020
General News

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
General News

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
New Letting
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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
Instruction
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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
New Letting
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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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