Metro Retail Park fully let as NCF Living makes regional debut

26th March 2024 | Jack Oliver

Metro Retail Park in the North East is now fully let following the arrival of NCF Living for its regional debut.

The furniture retailer has taken one of three units created by the redevelopment of the former Toys R Us store. The other two units are occupied by Dreams and Designer Sofas, resulting in all of the newly-created 25,000 sq ft of space being let.

The completion of lettings follows significant investment at Metro Retail Park, which benefits from its adjacency to the regionally-dominant Metrocentre shopping centre in Gateshead.

The scheme has seen investments including a newly designed terrace, car park resurfacing, and updated landscaping. Six electric vehicle chargers have also been installed, with plans to increase to twelve 350kW fast electric vehicle chargers by the end of the year.

Ben Cox, director at asset manager Sovereign Centros from CBRE, said: “Having NCF Living open at Metro Retail Park completes the letting there, and marks a great milestone for the destination. The plan to create three new retail warehouse spaces was a carefully considered response to the challenge of Toys R Us closing. Having these taken by three leading furniture brands both justifies that decision, and keeps Metro Retail Park’s status as the go-to location for homewares in the North East.”

This follows the recent announcement that Metrocentre has signed outdoor clothing and equipment retailer, GO Outdoors, which will open its first store in the region within a shopping centre environment.


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