Retail Property Deals

LCP brings indoor football concept to Northampton

28th August 2024

LCP, part of M Core, has signed an indoor football concept at Kingsfield Park, an industrial and leisure estate in Northampton. Soccer Shack has agreed a five-year lease for a 20,925 sq ft unit at the estate, which has now opened. The operator offers a range of football-related services, including pitch hire, parties and events, and football-based mini-games. Soccer Shack’s arrival looks to add to the diverse mixture of tenants in the local area and reflect the estates suitability for a variety of commercial uses. Will Helm, asset manager at LCP, part of M Core, said: “We are delighted to welcome Soccer Shack to Kingsfield Park. It’s innovative indoor football arena concept aligns well with other repurposed industrial buildings on the estate.” Kingsfield Park benefits from a strategic location in close proximity to Northampton town centre and the town’s mainline railway station. The asset also enjoys access to the M1 motorway via Junctions 15, 15a, and 16.

Prologis acquires London mixed-use park

27th August 2024

Prologis UK – an investor, owner, and developer of logistic properties – has acquired a London-based mixed-use asset from DTZ Investors. Prologis Park Western Avenue is located in the Park Royal area of the capital and is a prominent mixed-use logistics, industrial, and retail park. Spanning 288,523 sq ft across a site of 16.14 acres, the estate is currently leased to 21 tenants. It has direct access to the A40 dual carriageway, providing access to London’s inner road network. It is also within 15 minutes’ walking distance of five underground stations. The site offers potential for future redevelopment which could expand and increase density at the site, including with the creation of data centres and logistics fulfilment centres. The acquisition brings Prologis’ assets under management in the UK to $9.4bn (£7.3bn). Paul Weston, regional head of Prologis UK, said: “This acquisition is a significant milestone for Prologis. It reinforces our strategic investment commitments to the UK industrial and logistics market here in London, supporting the growth of our national economy. “Park Royal is the most successful logistics location in the capital. Through confident and swift work with everyone involved, we’ve secured a new park which will complement our existing portfolio, ensuring that...

Barbour opens concept store at Covent Garden’s Seven Dials

23rd August 2024

Barbour has opened a new concept store at 37 Neal Street in Shaftesbury Capital’s Seven Dials neighbourhood in Covent Garden. Taking a 1,588 sq ft unit, the luxury lifestyle brand’s store is based around its ‘New Heritage’ design concept, nodding to the brand’s dual identity as both historic in legacy and contemporary in design. As well as the brand’s most popular ranges, the store will also offer pre-loved clothing as well as a ‘re-wax’ service allowing customers to bring their items in to be restored by an in-house team. Barbour at Covent Garden joins its sister store on Shaftesbury Capital’s Carnaby Street, which opened in the Soho neighbourhood earlier this summer. Shaftesbury Capital said the launch of the two concept stores within its estate reiterates the group’s commitment to introducing brands that celebrate the portfolio’s unique heritage. Covent Garden is home to a number of other British heritage brands, including Paul Smith, Radley London, Penhaligon’s and Mulberry. Michelle McGrath, executive director of Shaftesbury Capital, said: “Barbour is an iconic British brand, steeped in history and committed to high-quality craftsmanship. It is therefore fitting that the brand will open on Covent Garden’s Neal Street with the introduction of its New Heritage […]

Moss makes Scottish outlet debut at Caledonia Park

23rd August 2024

Moss has opened its first outlet store in Scotland at Railpen’s Caledonia Park in Gretna. Moss – which dropped ‘Bros’ from its moniker in 2022 – has taken a 2,984 sq ft unit at Caledonia Park, bringing its ready-to-wear collection of tailoring and casualwear to the outlet. The brand joins a number of brands which have made their Scottish outlet debuts at the destination, including Kate Spade, Swarovski, Rituals, and Hobbs, as well as anchor brands Nike, Adidas, Tommy Hilfiger, and Calvin Klein. Brian Brick, CEO at Moss, said: “Scotland is a growing market for our business, with Caledonia Park joining our newly opened Edinburgh store we’ve begun a sustained long-term investment north of the border. We’ve leaned into our 173 years of expertise to land our most modern tailoring offer yet, alongside a range of premium casual styles to form a really considered collection. We’re not just a suit brand that sells some casualwear or vice versa; Moss has transformed into a competitive menswear destination for both occasions and daily wardrobes, and we’re hugely excited to showcase this to customers across the region.” Maria Averkina, asset and development manager at Railpen, added: “We have created a fantastic line-up of […]

Bullseye for Flight Club at Liverpool ONE

23rd August 2024

Social darts and cocktail bar concept Flight Club has made its Liverpool debut, opening at Chavasse Park, Liverpool ONE’s hospitality and leisure hub. Occupying 10,000 sq ft across two floors, the venue will look to deliver Flight Club’s signature darts experience for up to 400 visitors at a time. Flight Club Liverpool ONE features 16 semi-private oche areas, two bars, a ground-floor outdoor terrace, and a first-floor balcony overlooking the park. The venue also offers a range of food and drinks including sourdough pizzas, burgers, loaded fries, and a selection of cocktails. The operator join’s Liverpool ONE’s extensive range of leisure operators, which includes the likes of Odeon Cinema, Junkyard Golf, and multi-faceted leisure concept Gravity MAX. The scheme now accommodates over 250,000 sq ft of leisure and entertainment concepts to complement its retail and F&B lineup. Rob Deacon, director of asset management at Grosvenor, said: “The opening of Flight Club has been hotly anticipated since we announced its signing last year, and the new space more than delivers the high calibre and immense scale of concept that has become synonymous with Liverpool ONE. It is no surprise that Liverpool has been named the UK’s most sociable city, and the […]

Sue Ryder upsizes at Wickford’s The Willows Centre

23rd August 2024

Sue Ryder has relocated at The Willows Centre in Wickford, Essex, upsizing from its previous store at the scheme. Taking a 2,710 sq ft unit on a 10-year lease, the charity – which is known for its support and hospice care services – will be able to diverse its offering. Moving from its former, 1,987 sq ft location, Sue Ryder’s new store will add a range of furniture to its existing collections of clothes and accessories. It is hoped the move will help the charity better serve the local community and generate additional funding to support its activities. Claudia Gasparro, senior asset manager at LCP, said: “We are thrilled to see Sue Ryder expanding their footprint within The Willows Centre. “We are confident that this new unit will provide an excellent environment for Sue Ryder to continue their valuable work.” “The relocation and expansion of Sue Ryder within The Willows Centre emphasises the charity’s commitment to providing valuable services to the Wickford community,”

Wilko to mark London return at former Uxbridge store

23rd August 2024

Wilko is set to make its return to London, opening in its former trading location at Uxbridge’s The Pavilions Shopping Centre. Taking the 30,000 sq ft unit it previously occupied at the scheme, the discount retailer will open its seventh store since it was acquired by CDS Superstores. The store will stock a range of cleaning, decorating, DIY, health and beauty, home, and gardening products and offer a click-and-collect service. Since Wilko’s acquisition by CDS, which owns The Range, it has also opened stores in Exeter, Luton, Plymouth, Poole, Rotherham and St Albans. Alex Simpkin, chief executive of CDS Superstores, said: “Our expansion is about bringing Wilko back to the heart of communities, providing quality and value in every corner of the UK. “We’ve had a great reception from customers in our six locations to date, and from wilko.com shoppers, and we’re thrilled to announce our reopening in Uxbridge, which also marks our return to Greater London too.”

Catella APAM offloads Trowbridge leisure park for £11.4m

22nd August 2024

Catella APAM has announced the sale of St Stephen’s Place Leisure Park in Trowbridge on behalf of a private client for £11.37m. The multi-let complex sits in the heart of the Wiltshire town and spans approximately 84,000 sq ft. The asset includes a seven-screen ODEON cinema, an 80-bed Premier Inn hotel, and a mixture of restaurants, cafés, and bars. Catella APAM has managed St Stephen’s Place since 2016, and since then has implemented a series of value-add initiatives aimed at enhancing the asset’s appeal and performance. The real estate asset and investment manager said its strategic management has ensured the leisure park’s continued vibrancy and relevance in an evolving retail and leisure landscape. Max Bingham, analyst at Catella APAM, said: “We are thrilled to have facilitated this transaction on behalf of our clients. “St Stephen’s Place has been a significant asset in our portfolio, and we are proud of the work we’ve done to maintain its status as a top leisure destination. We are confident that the new ownership will continue to build on this success.”

Castore opens first Yorkshire location at Junction 32

21st August 2024

Castore has opened its first ever store in Yorkshire at the Junction 32 outlet shopping destination in Castleford. The performance sportswear brand has taken a 1,100 sq ft store for its 14th site in the UK. The store offers a range of sports clothing for both men and women, including sports team attire. From F1 and cricket to a dedicated golf range, customers will be able to purchase sportswear worn by the likes of McLaren F1, Rangers FC, as well as brand ambassadors such as Andy Murray to Adam Peaty. Castore will join a number of sporting retailers at Junction 32, including recent additions Saltrock and Oxen Sports. Danny Grimshaw, head of retail at Castore, said: “We’re delighted to be bringing Castore to shoppers in Yorkshire. Junction 32 is set up in a fantastic location due to its prime Yorkshire destination, giving us a great platform to bring our premium products to a wider catchment of sports fans.” Nicky Lovell, head of outlets and retail business development at Junction 32’s asset manager Global Mutual, added: “Castore aligns perfectly with our goal of providing the best in retail and meeting the dynamic preferences of today’s shoppers. The new store will provide high performing […]

Wood-fired restaurant concept debuts at Soho’s Kingly Court

21st August 2024

Wood-fired restaurant concept Goldies has opened its debut site within Shaftesbury Capital’s Kingly Court in Soho. Created by the team behind the local bistro Blanchette, the 1,100 sq ft restaurant sits in a location to cater to both Carnaby Street shoppers as well as those making a trip to Kingly Court. With a focus on wood-fired cooking, the restaurant – which offers a total of 44 covers inside and 25 outside – utilises kitchen counter seating complemented by a classic bistro style throughout. The menu offers a range of small and large plates, with highlights including a merguez scotch egg with harissa mayonnaise, marinated baby chicken with smoked yoghurt, and grilled wild mushrooms, baby leek, and a confit egg yolk. Maxime and Yannis Alary, co-founders of Goldies, said: “After spending a decade in the West End, it’s a special moment for us to open our new concept, Goldies. This key anchor unit on Kingly Court’s ground floor means we will benefit from the dedicated visitors to the foodie heart of Soho, as well as shoppers on Carnaby Street seeking high quality dining as part of their experience. We have carefully curated every detail of the Goldies experience, from the food...

K-Beauty brand PURESEOUL to open at Bullring

20th August 2024

Korean beauty brand PURESEOUL is set to make its Midlands debut at Hammerson’s Bullring & Grand Central in Birmingham. Opening in September, the 800 sq ft store will be located on Bullring’s middle level, and will be the brand’s second location outside of London. The store will stock over 900 different products across make-up, skincare, and haircare, and will also offer personalised skincare advice from staff specialising in Korean beauty. Toby Tait, director of asset management at Hammerson, said: “We are continuing to broaden the use and purpose of Bullring & Grand Central and the introduction of PURESEOUL demonstrates how we are engaging our customers through regional-first brands. We’re going into autumn and winter with strong momentum and an exciting pipeline of high-profile new openings including Sephora, Zara and the first Blank Street Coffee in the Midlands.” Leslie Tang, CEO of PURESEOUL, added: “Birmingham is our second biggest market in the UK, despite not having a physical presence up to now, so opening a store in a leading location has long been a strategic goal. We knew we needed a high-profile, impressive space for our regional debut, and we have that and more in Bullring & Grand Central. This is […]

Sosandar to make regional debut at Metrocentre

20th August 2024

Sosandar is set to open its third store in the UK and its first in the North East at Gateshead’s Metrocentre. The retailer has signed for a 2,047 sq ft unit located in the destination’s upper Platinum Mall, alongside other womenswear brands such as Phase Eight and Hobbs. Opening in October, the store will offer a range of women’s clothing and accessories, with a focus on affordable and high-quality products. Having launched eight years ago exclusively online, Sosandar is now one of the fastest-growing fashion brands in the UK. The Metrocentre store will be the brand’s third standalone store, with it having previously sold through the likes of Next and M&S. In July, it was reported that Sosandar is targeting up to 50 stores in its first venture into bricks-and-mortar retail. Ben Cox, director at Sovereign Centros from CBRE, asset manager of Metrocentre, said: “Sosandar’s arrival at Metrocentre for one of their first physical stores, and first in the region, is fantastic news and reflective of the destination’s dominance in the North East and strength in the UK as a whole. We are dedicated to delivering highly sought-after brands that will appeal to our loyal customer base. Sosandar is just...