METROCENTRE POWERS AHEAD

July 23, 2021

Metrocentre has highlighted its continuing consumer strength and retailer appeal by securing three major lettings as part of its transformation and repositioning since coming under the asset management of Sovereign Centros.

Harrods H Beauty, JD Sports and H&M have all signed new long leases for major flagship stores which will open between April and June next year.

H Beauty is a real coup for the centre securing their largest store to date at 30,000 sq. ft on a 20 year lease fronting Town Square. The store will incorporate a champagne bar and brands such as Gucci, Dolce and Gabbana and Hourglass. The store will sit alongside the other premium brands in Central Square reinforcing the quality of the centre.

JD have taken a 10 year lease on a 28,000 sq ft flagship store in Platinum Mall upsizing from their existing 10,000 sq. ft store in Upper Red Mall. Incorporating state of the art customer experience, the store will offer exceptional choice. The store is being created by combining four existing units currently occupied by Flannels, Game, HMV and Paperchase all of whom are being relocated to new stores within the centre.

H&M are expanding their existing store in Red Mall into a new 25,000 sq ft flagship which will incorporate their new Home concept, offering a significant point of difference from their Newcastle city centre outlet. The new store is being created by relocating Hugo Boss into a new adjacent store.

Graeme Jones of Sovereign Centros, the asset and development managers for the Centre commented: “This is all very exciting. These lettings really reinforce how retail in these powerful major regional centres is changing, replacing the hitherto reliance on the old department store formats as anchors with new and exciting concepts and brands which will be much more interactive for the shopper. These quality fashion brands are a major draw for our customers. There is a lot more to come over the coming months with some other exciting lettings lined up. “

Lunson Mitchenall and Time Retail advised Metrocentre

Latest News

THE MALL LUTON TO BE REBRANDED BY NEW OWNERSHIP TEAM

November 14, 2023 - 10:23

Frasers Group, the new owners of Luton’s main shopping destination, The Mall, have announced plans to rebrand the centre as “Luton Point’ to reflect its unique position in the heart of the town.[...]

+ Read More

Glenstone REIT plc absorbs The Clifford Property Company Ltd

November 10, 2023 - 12:33

Glenstone has acquired 100-year-old Clifford Property in an NAV for NAV all paper share purchase. The Clifford portfolio, totalling £12.3m consists of mixed-use assets based in the Southeast of Engla[...]

+ Read More

REDEFINING LAB LIFE AS STRUCTURE COMPLETED FOR LANDMARK ARC WEST LONDON LAB DEVELOPMENT.

November 10, 2023 - 12:27

Advanced Research Clusters (ARC) and Kier have hosted a topping out ceremony at ARC West London’s Refinery development in Hammersmith to mark the completion of the main structure. When complete, the[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR