October 10, 2011
Chester Properties has announced six new lettings at its Springfields Outlet in Spalding, Lincolnshire.
The Body Shop has taken 1,026 sq ft, Jacques Vert 1,869 sq ft, Lakeland 2,012 sq ft, MBT 686 sq ft, Trespass 2,285 sq ft and Weird Fish 1,329 sq ft.
Chester asset manages the Springfields scheme for UBS Triton Property Fund. The scheme has seen an average growth of nearly 20% pa under Chester’s stewardship and these recent asset management initiatives are set to help continue that trend.
Ian Sanderson, Director of Outlets for Chester Properties said: “Springfields now boasts a very attractive retail line up with our leisure attractions and facilities proving ever more popular with customers. Research shows there is further scope for significant increases in turnover”.
All leases are on a base rent plus turnover rent top up, with lease terms of up to ten years.
“Springfields has a significant number of brands trading well in excess of their targets. The savvy shopper’s desire for branded goods and value for money in an attractive environment has never been stronger with this economic backdrop”.
The Body Shop, Jacques Vert, MBT Footwear and Lakeland Leather have recently opened while contracts have been exchanged with Trespass and Weird Fish.
The Centre is officially a Top 50 UK coach destination attracting over 1,000 coaches per annum and last week Springfields picked up a Britain In Bloom Gold Award.
Letting agents on the scheme are CHD and Knight Frank London Office.
