Tenants invest over £3m at Queensgate Peterborough across more than 100,000 sq ft of store refurbishments
A trio of national retailers at Queensgate Peterborough have invested over £3m into their existing stores, completing more than 100,000 sq ft of refurbishments in total.
Boots has unveiled its newly refurbished 64,000 sq ft store, which features the retailer’s latest interior concept and an enhanced beauty proposition. Meanwhile, Primark has completed a full refurbishment of its 59,000 sq ft anchor store, introducing a modernised store environment, an improved layout, and 18 new self-checkouts across both trading floors. Finally, Vision Express has also reopened its updated store in Central Mall, introducing a new design alongside enhanced clinical technology, including a new dry eye machine.
This wave of tenant investment builds on strong momentum at Queensgate, following a series of openings from brands such as Frasers, Flannels, Sports Direct, MINISO, Rituals, and Lovisa.
Ed Ginn, director of investment management at Invesco Real Estate, said: “The ongoing investment from our tenants has been transformative for Queensgate and is a key driver behind the growth across the scheme in recent months. Delivering the best customer experience and a market-leading retail offer has always been the priority, as well as ensuring visitors can shop the best brands including their latest concepts. Boots and Primark remain key anchor brands for the scheme, and Vision Express is delivering more experiential healthcare services, reinforcing the strength and quality of our tenant mix.”
Paul Niezawitowski, beauty director at Boots, added: “The refreshed store gives Queensgate visitors a whole new way to shop at Boots. The addition of key beauty counters, including Charlotte Tilbury, further enhances the customer experience and elevates our beauty offer. This investment in bricks-and-mortar retail reflects our wider strategy, recognising the important role our physical stores play in the continued growth of the Boots brand. As a key regional retail destination, Queensgate provides the ideal location to deliver an even more enhanced, modern shopping experience for our customers.”
Sovereign Centros from CBRE acts as the appointed asset manager for Queensgate owner Invesco Real Estate, while CBRE and Time Retail Partners are the letting agents.