POUNDLAND SIGNS UP FOR NEW UNIT AT MOORGARTH’S BROAD STREET MALL, READING

February 5, 2019

Moorgarth Group has completed a deal with Poundland securing a prime position within Reading’s Broad Street Mall. The retailer has traded in the town’s premier shopping centre since 2008 and has now signed a 10-year lease which will see it relocate to a new 10,000 sq ft unit.

Poundland will take space formerly occupied by Poundworld and Cash Convertors with dual entrances off Oxford Road and from the Mall which will open mid-February 2019. Its former store next to South Court will be refurbished and relet as part of Moorgarth’s ongoing asset management strategy.

The Poundland deal marks a major vote of confidence in the 400,000 sq ft shopping and leisure destination which has undergone a comprehensive refurbishment since it was acquired by Moorgarth in 2015.

Broad Street Mall has celebrated a series of new lettings in recent months, including a lease renewal by New Look and a 9,000 sq ft letting to new entrant Iceland, which chose to relocate to the centre from elsewhere in Reading town centre. The Mall, which boasts an annual footfall of 7m visitors, has also attracted new entrants such as menswear brand Brother2Brother, plus-size fashion retailer Yours Clothing and leisure experience operator Escape Reading.

Moorgarth Group’s managing director Gary Lewis said: “Poundland’s commitment to relocate its store highlights the confidence retailers and leisure operators have in Broad Street Mall. We will continue with our investment programme, ensuring the scheme meets the requirements of both new and existing occupiers.”

Latest News

NASH BOND PROMOTES TALENTED STAFF

October 17, 2021 - 11:40

Leading Central London retail and leisure property advisors Nash Bond have promoted Emma Strang, Lottie Newman and Matthew Peters to Director. In addition, they have promoted Alex Hughes to Associate [...]

+ Read More

CBRE IM BOOSTS F&B AND RETAIL OFFER AT HAMMERSMITH BROADWAY SHOPPING CENTRE

October 7, 2021 - 12:01

CBRE IM, advised by GCW and Nash Bond, have boosted the retail and leisure offering at Hammersmith Broadway Shopping Centre in west London with two new lettings. Joe & The Juice will open in 1,154[...]

+ Read More

IV REAL ESTATE SHAKES UP BRISTOL’S CORN STREET WITH LONDON COCKTAIL CLUB DEAL

September 27, 2021 - 08:39

IV Real Estate has secured its first letting at Gilbert House, a recently redeveloped 12,475 sq ft retail and office building at 37-39 Corn Street, Bristol. The London Cocktail Club will open its seco[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR