RPMI RAILPEN SIGN UP THREE MAJOR RETAILERS FOR PORTSMOUTH’S CASCADES SHOPPING CENTRE

November 20, 2019

RPMI Railpen, advised by GCW and AS Retail, has signed up three major retailers for Portsmouth’s Cascades Shopping Centre.

Sports Direct, Flannels and USC will take over 50,000 square foot of combined trading space at unit 107 – the former BHS store – on a 10-year lease.

The deal is a major boost for the retail destination in its 30th year and also coincides with an internal refurbishment of the centre.

The three stores are all scheduled to open next spring.

The announcement follows news that German footwear company Deichmann will take 4,500 sq ft at the former USC store at unit 4/5 on a 10-year lease.

The new Sports Direct store will embody the retailer’s new store concept, as well as incorporating a dedicated floorspace for USC, which will house the latest streetwear collections.

In addition, Flannels will open a store offering customers its contemporary edit of luxury’s biggest names and emerging designers.

The three new stores will join existing tenants including Primark, H&M, and TK Maxx.

Emily Atkinson at RPMI Railpen said: “In its 30th year, Cascades continues to pick-up pace in terms of the breadth and diversity of its retail mix, as is reflected by Sports Direct, Flannels and USC taking such a significant store space. Our investment in the centre’s refurbishment will create an even more inviting atmosphere for consumers, providing a revitalised setting for these new retailers as well as neighbouring brands.”

Andrew Philip, centre manager at Cascades, said: “We’re delighted to be welcoming Sports Direct’s attractive portfolio into the shopping centre.

“They are a huge brand, and we know that our local shoppers will be pleased to see many top clothing brands, including its Flannels range, introduced when they open in 2020.

“There’s no doubt that this is a big addition to our sport and luxury retail offering at the shopping centre and is part of our commitment to offer not only the best, but most diverse shopping experience possible.”

CBRE advised Sports Direct.

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