MOORGARTH STRIKES DEAL TO KEEP MAJOR RETAILER AT BROAD STREET MALL

February 5, 2020

Moorgarth Group, the asset manager of Reading’s Broad Street Mall, has completed a deal to keep one of the major retailers at the centre.

It has announced that TK Maxx has committed its long-term future by signing a new 10-year lease on its existing store configuration.

The fashion and lifestyle retailer, which has more than 500 stores across Europe, offers designer clothing brands at a discounted rate as well as home goods, apparels, shoes and beauty accessories.

Moorgarth Group’s managing director Gary Lewis commented: “We are delighted that TK Maxx has joined a number of other key retailers in committing their long-term future to the centre. It is a very exciting time for Broad Street Mall and demonstrates that our strategy of modernisation and diversification is attracting considerable attention.”

Several big name retailers have signed new leases at the centre in the past 15 months.

Iceland relocated from Weldale Street in the town centre in October 2018 and signed a 10-year lease on a new 9,000 sq ft store.

Meanwhile, the former Argos store has been reconfigured and will incorporate a new boutique cinema with strong interest for the remaining space from a host of additional operators.

New Look and Poundland have also signed new 10 year leases and in addition, Moorgarth recently gained permission for a new food hall concept at the southern side of the centre.

Leasing agents on the centre are Knight Frank and Hicks Baker.

 

Latest News

Local Wholesale Butchers leases 20,000 sq ft unit in Newbury

July 1, 2025 - 10:42

Logicor, advised by Haslams LLP, has secured a letting at Kennetside Industrial Estate, Bone Lane, Newbury to Thatcham Butchers Ltd.  This is the second letting secured on the estate since Logicor bo[...]

+ Read More

Golf Simulation Company Full Swing Secures Showroom at Millars Business Park, Wokingham

June 16, 2025 - 11:07

IPIF, advised by Haslams LLP, has announced the letting at Millars Business Park, Fishponds Close, Wokingham to Full Swing EMEA Limited, a leading innovator in golf simulators and sports performance t[...]

+ Read More

GCW STRENGTHENS ITS OCCUPIER ADVISORY TEAM WITH NEW RECRUIT AND PROMOTES CHRIS KENEALY TO ASSOCIATE DIRECTOR

June 16, 2025 - 11:04

GCW has enhanced its client service offer with the appointment of Bobby Share as a surveyor in its occupier advisory division and the promotion of Chris Kenealy to Associate Director in its Owner team[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

25 Westwood Road, Newbury, Berkshire, Newbury, RG14 7TH