General News

• 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.

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

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.

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

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.

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

For more information contact Peter Leverett or Natalie Hunt

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

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❯

Further signings show the continuing success of Springfields Outlet, emphasising its position as the leading shopping and leisure destination in the East of England.

Iconic casual wear brand Crew Clothing and independent retailer Starlings Toys opened this summer, adding to the recent additions of Joules, White Stuff and The Cosmetic Company Store.

• Crew Clothing completed a major 4-week shop fit with new large format windows; their first Outlet store in Lincolnshir

RENEWALS AND INVESTMENT HIGHLIGHT RETAILER CONFIDENCE

• The dynamic asset management of the scheme has undertaken 15 deals this year including, 2 new lettings, 2 relocations and 11 lease renewals including Jack Wills, M&S Outlet and Raging Bull
• Springfields is the chosen destination for retailers to make significant investment into their stores with new major fit outs planned for Clarks and Claire’s

TRADING GOING FROM STRENGTH TO STRENGTH

• 14 years of consecutive and annual revenue growth
• Year-to-date revenue up +4%

For more information please contact Peter Leverett or Susan Harrison.

SPACE – Retail Property Consultants will be attending Completely Retail Marketplace on 1st October 2019.

Please come and see us at Stand 88.

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

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

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

SPACE – Retail Property Consultants are on stand 88 at Completely Retail Marketplace, Tuesday 25 September.

Our team details and the extensive selection of clients we work with are attached.

Please do come and chat with us about our shopping centre leasing, investors and retail clients.

So @TapInTheSquare will be in @StMartinsSq for all your beer needs till the middle of January! SPACE Retail Property Consultants acting for the Landlords.

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.

Planning consent has been granted for a new 55,000 sq ft Trade Park at Thurmaston, Leicester, where SPACE acted on behalf of our client Travis Perkins PLC to take a new lease for their brands Wickes Building Supplies, Travis Perkins Builders Merchant, Benchmarx Kitchens and BSS Pipeline and Heating.