Author Archive

Susan Harrison

Springfields Outlet and Leisure Reports Higher Spend Than Last Year, Post Lockdown

August 4, 2020

Springfields Outlet

  • Springfields last week recorded trading results up 2% on the same week last year
  • Results are a remarkable achievement for the UK retail sector
  • Footfall and sales have grown every week post-lockdown
  • This is on top of 15 years continuous growth since Springfields opened

 

Since reopening to the public on June 15th Springfields Outlet and Leisure in Lincolnshire has once again demonstrated its resilience. When comparing last week’s trading (week 30) with the same period in 2019, sales were up 2% from the 96% of stores reopened. 56% of like-for-like stores traded positively and 80% of those reported double digit percentage increases. Footfall and sales have grown strongly every week for the six continuous weeks post- lockdown. This is a remarkable achievement for the UK retail sector.

Set in 25 acres of beautiful gardens

Springfields award-winning gardens and leisure have also reopened, and the combined outlet and leisure offering has attracted back existing and new customers to this popular destination.

Strong brand presence

The ongoing opening of new higher-profile brands continues with Dune London opening later in the Summer with a high spec fit-out, joining brands like Radley, Joules, Jack Wills and Crew Clothing. This has all translated into high quality turnover with spend per visitor increasing by 11% year on year. Fashion, beauty, home and garden are all performing particularly well.

Ian Sanderson, Director at SLR which developed, and asset manages the scheme, said: “This is another great milestone at Springfields which was designed to be different some 16 years ago. The scheme has attracted visitors back strongly as we’re able to offer an appealing and spacious environment. This positive customer response, reflected by outstanding annual growth in the post lockdown environment, shows that shoppers are keen to return and fully enjoy the experience at Springfields Outlet and Leisure.”

Friday July 24th it became compulsory for customers to wear a face covering and this has been adopted easily by customers and stores alike. This is in addition to the excellent new movement arrangements in and around the stores, mall and gardens, which have been put in place swiftly and positively from reopening. Springfields has also enhanced the guest experience by adding a UK-first, Ubitrac PPE Outlet, with high quality PPE which is always offered to the NHS first, as their priority customer.

Highly appealing destination

Boasting more than 50 stores set in beautiful and award-winning, 25-acre Festival Gardens, the spacious outdoor destination is very well suited to our new retail norms, whilst providing an exceptional guest experience. Springfields attracts customers from a very wide catchment area from the Home Counties north of London, East Anglia and the East of England up to South Yorkshire, making this destination a popular day out. The green healthy space means customers stay longer and return more often, attracted by the safe shopping experience.

Springfields Outlet

These positive trading figures demonstrate the appeal of the destination’s increasingly attractive retail line-up. Springfields Outlet offers top retail brands such as M&S, Gap, White Stuff, Next, Skechers and Ernest Jones, giving plenty of choice for customers at up to 60 per cent off RRP throughout the year. This is complemented by the leading, premium Blue Diamond Home and Garden centre, children’s Adventure Land and extensive F&B.

Research by Ken Gunn Consulting shows that Springfields Outlet has the third highest market potential sales density of any outlet in the UK. 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, three major arterial roads providing easy access to Peterborough, Stamford, Nottingham, Lincoln and Kings Lynn. Springfields is just a 25-minute drive from the A1.

For more information contact
Josh Braid, Knight Frank, 020 7861 1176 josh.braid@knightfrank.com
Susan Harrison, Space, 0345 900 3900, susan.harrison@space-rpc.com Asset managed by SLR Outlets Limited
Owned by UBS springfieldsoutlet.co.uk/lettings

Springfield Outlet Logos

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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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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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STAMFORD’S FRESH NEW OPENING – MINT VELVET MOVES INTO THE HIGH STREET

September 23, 2019

The doors have finally opened in yet another new arrival on Stamford’s high street.  Mint Velvet are now open at 6 High Street where they have taken 1,700 sq ft  on a 10 year lease.  The High Wycombe based Mint Velvet which promotes “relaxed glamour” was launched 9 years ago and has around 40 stores across the UK, plus several in Dubai.   Stamford’s main shopping street is enjoying a boost with several additional traders moving in recently.

SPACE acted for the landlord Narans & Johal Limited.

For more information please contact Susan Harrison.

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QD REQUIREMENT

September 16, 2019

SPACE – Retail Property Consultants have been retained by QD to search for new destination stores throughout the UK.

QD Stores are an independently owned chain of discount retail outlets situated throughout the East of England and the Home Counties. Based in many of the region’s larger towns and cities, QD Stores represent the very best in ‘value retailing’ – offering customers constantly changing quality stock at the very lowest prices.

Please send all suitable opportunities to Susan Harrison or Martin Herbert.

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THE SETTLING ROOMS, MARKET HARBOROUGH

June 5, 2019

Acting on behalf of private investor clients we are delighted to have let The Settling Rooms in Market Harborough.

Terms for the first floor were agreed with Beauty Defined, a leading beauty aesthetics clinic, which was a relocation for Beauty Defined from The Wharf where they had traded for several years.

The ground floor was let to a local businessman who has opened a restaurant – taking the name of the building and serving fresh coffee, signature cocktails, wines and Charcuterie.

For more information contact Susan Harrison.

 

 

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10 THE COMMONS AND 19/21 THE SQUARE, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 7PA

April 24, 2019

SPACE are delighted to have advised Harborough District Commercial Services Limited in an investment purchase of the Tesco Metro store, B&M and residential units at 10 The Commons and 19/ 21 The Square, Market Harborough, from New River Retail at a purchase price of £3,800,000 reflecting a net initial yield of 6.6%.

This is part of our ongoing strategic advice and support to Harborough District Council.

For more information contact 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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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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