Fashion Giant Primark Doubles In Size At The Ridings, Wakefield

May 17, 2013

Value fashion powerhouse Primark is to extend its existing store within The Ridings Shopping Centre in the heart of Wakefield. Primark has signed a deal with owner Moorfield Real Estate Fund (MREF) to increase its store to 28,500 sq ft of sales.

Having purchased the centre in 2005, Moorfield Group has worked with its retail sector asset management partner, Plus Shops Retail, in the implementation of its long-term business plan.

A Primark spokesperson said: “Primark is delighted to be in a position to extend its store in The Ridings Shopping Centre.  This extension will enable us to offer customers more space, more style and more savings for all the family.”

Mark Holmes from Moorfield said: “The Ridings Shopping Centre currently achieves a strong footfall of 11 million per annum and we’re pleased that we have been able to support Primark on its expansion, which will no doubt increase the overall number of visitors.”

Leigh Burnett, Managing Director of Plus Shops Retail, which manages The Ridings said: “Through diligent asset management, alongside Moorfield, including relocating two adjacent retailers, we have been able to facilitate Primark in its store upsize.

“We have over 80 stores at The Ridings including M&S, TK Maxx, Boots, Clarks and F Hinds.  This latest deal demonstrates Primark’s commitment to The Ridings which will further enhance the fashion offer at the centre.”

Moorfield Group was advised by Kitchen La Frenais Morgan and Brassington Rowan. Primark were unrepresented.

 

Latest News

BLUEBOOK EXPANDS AGENCY TEAM

May 10, 2021 - 09:41

London Office specialist Bluebook has expanded its agency team with the recruitment of Tor Cuming and Ollie Pardoe from Avison Young and Cluttons respectively. Tor joins as an Associate and Ollie as a[...]

+ Read More

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR