July 14, 2015
New shops are opening after a series of lettings at a prime shopping centre in north Somerset.
Property Company, Vixcroft, advised by agents Fawcett Mead and Bilfinger GVA, has secured the five new occupiers over a total of 16,140 sq ft at the Sovereign Centre in Weston-super-Mare.
Rapidly expanding budget Fashion retailer Pep & Co is to open in the Autumn with one of its first UK stores after signing a five-year lease for a 4,500 sq ft unit.
Fashion retailer Roman has formalised its temporary presence at the centre and more than doubled its trading floorspace with a five-year lease for a 3,400 sq ft unit, also due to open in the Autumn.
Holland & Barrett has relocated into the centre on a 10-year lease from the nearby High Street and is due to open its 1,564 sq ft store in late 2015.
Fashion footwear specialist Deichmann is now open after completing a 10-year lease
for a 5,600 sq ft unit. Jeweller Warren James have also completed a 10-year lease on a
1,113 sq ft unit.
Rents of the new lettings reflect up to £55per sq ft Zone A.
The 118,000 sq ft Sovereign Centre, anchored by Marks & Spencer and Wilkinson, is the prime retail destination in Weston-super-Mare, which is the South West’s 10th most populous towns and the largest in north Somerset.
Simon Jones of Vixcroft, said: “These are significant lettings which not only vindicate our investment in the Sovereign Centre but only underline its position as the prime retail destination for the town and north Somerset area.
We are in discussion with North Somerset District Council in relation to further improvements towards revitalization of the town centre and hope to be able to say more on that in the late autumn”
Fawcett Mead and Bilfinger GVA advised Vixcroft. Savills advised Pep & Co, RMG Retail advised Deichmann, Brasier Freeth advised Warren James, Red Fox Retail advised Roman and Holland & Barrett were unrepresented.