Cribbs Mall reaches near-full occupancy in 2023
20th December 2023 Cribbs Mall has reached nearly full occupancy, as the Bristol scheme welcomes over 110,663 sq ft of leasing transactions in 2023. The joint asset managers of Cribbs Mall – M&G Real Estate and Pradera Lateral – reported that 36 leasing transactions took place over the course of the year, bringing occupancy to 99.7%. This included new lettings to the likes of Victoria’s Secret, Mango, Charles Tyrwhitt, and Greggs, as well as renewals to retailers including Boots, Waterstones, and Fat Face. The scheme also welcomed pop-up tenants for the Christmas period. In addition, Cribbs Mall has seen the expansion of existing tenants Wagamama and Phase Eight. The former signed a 15-year lease renewal to upsize its unit from 3,455 sq ft to 4,499 sq ft, whilst the latter agreed a new five-year lease for an upsized 4,146 sq ft unit, set to open early in 2024. M&G and Pradera Lateral have also reported that over the course of 2023, footfall at Cribbs Mall increased by 8% compared to the previous year. The asset managers have also welcomed Longlands to the neighbouring Cribbs Retail Park, with the furniture retailer completing a 10-year lease for a 9,995 sq ft unit. The retail park […]
