SPACE appointed as joint letting agents at Scotch Corner Designer Outlet Scheme
SPACE – Retail Property Consultants and Colliers International have been appointed by Scotch Corner Richmond as joint letting agents for a new designer outlet scheme near Leeds.
Scotch Corner Designer Village is the brainchild of Simon Waterfield – a successful developer and owner of over two million sq ft of retail and commercial property investments across the UK – and his longstanding colleague Peter Mullen, founder of shirtmaker Thomas Pink.
Scotch Corner is strategically located at junction 55 of the A1(M) motorway where the A66 trunk road joins the principal north south motorway network between Leeds and Newcastle.
The construction of the new designer village will start Spring 2018 with completion due in Autumn 2019.
Scotch Corner has some 7m residents within a 90-minute drivetime and an estimated visitor non-grocery spend potential of £412 million, the 5th largest outlet centre market in the UK as predicted by leading analysts FSP. Drawing on a catchment that extends to Sheffield, Leeds, York and Harrogate to the south and Durham, Newcastle and Teesside to the north, Scotch Corner is strategically nestled between the iconic Yorkshire Dales and North Yorkshire Moors National Parks, which attract an estimated 57 million tourist visits generating £1.4bn in non-Grocery retail spend for the region.
The Scotch Corner instruction will be headed up by Peter Leverett, Managing Director, and Susan Harrison, Director, at SPACE together with joint agents Laurence Edwards and Robin Raban-Williams, who are both Directors in the Colliers retail agency team. Discussions with key occupier tenants have already commenced. SPACE and Colliers will be present at REVO 2017 in Liverpool to promote this major new development.
Simon Waterfield, founder of Scotch Corner Richmond LLP said: “We are pleased to be working with senior leasing agents at SPACE and Colliers who have fantastic experience and knowledge of the factory outlet sector and the wider retail property and leisure industry. Our appointed agents will be key to bringing this opportunity to market for us and securing retail and food and beverage brands that want to trade profitably in a quality and well managed factory outlet development.
Peter Leverett, Managing Director of SPACE said: “Scotch Corner will be the leading factory outlet centre in the North of England and with an affluent shopper profile, substantial residential and tourist markets, together with superb design and architecture in an easily accessible location offers a significant opportunity for quality retail and food and beverage brands.”
Laurence Edwards, director in Colliers International’s Retail Agency Out of Town, added: “Scotch Corner Designer Village will be the perfect location for shopping and dining. The recent upgrade of the adjacent A1 to motorway standard will vastly improve accessibility and will make Scotch Corner a strategic tourist destination in its own right.”