CATH KIDSTON FIRST TENANT AT REDEVCO’S HANNINGTONS ESTATE BRIGHTON

September 14, 2017

European retail real estate investment manager Redevco, has agreed a deal with Cath Kidston at Hanningtons Estate in Brighton.

British lifestyle brand, Cath Kidston has signed a lease, for 1,700 sq ft of ground floor sales plus ancillary storage, at 6-7 North Street. The ‘Modern Vintage’, international retailer which began in 1993, currently trades from East Street. The move demonstrates not only the brand’s commitment to Brighton, but also its belief in Redevco’s masterplan for the area.

Redevco started redeveloping the 1.3 acre site, which includes the former Hanningtons department store or ‘Harrods of Brighton’, in February. The masterplan for Hanningtons Estate includes the creation of a new Lane, a new entrance to the Lanes from North Street and the redevelopment of existing buildings to provide exciting new spaces for shops, restaurants and cafes.

Andrew Foulds, Portfolio Director at Redevco comments, “Our vision for the North Street element of Hanningtons Estate was always to take the existing premium retail offer found within East Street and extend it up North Street, so it is fitting that we have attracted Cath Kidston as our first retailer. The brand had outgrown their existing store and this deal offers them a prominent site in a great location. We are in advanced discussions with some exciting new brands to Brighton, not just for North Street, but for the smaller units within the new Hanningtons Lane.”

Sue Carvell, Commercial Director of Cath Kidston, said: “We’re very excited to announce our new store opening at 6-7 North St, Brighton, reflecting the success that we have seen in the area since we opened our original store on East Street in 2011. Our new, convenient one floor store will allow us to showcase even more of our exciting new product offering including our growing kids department, in a prime location to our local customers.”

Hanningtons Estate is an important landmark between the attractions of the Lanes, North Laine, East Street, the Cultural Quarter and Brighton Beach and Pier. The vision is to blend a visually unique and engaging scheme into the existing network of narrow alleyways, lanes, eclectic boutiques, restaurants and cafes/bars that already make Brighton so popular.

Further information is available at www.hanningtonsestate.com.

Redevco is advised by GCW and KLM Retail. CBRE advised Cath Kidston.

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