Romford’s The Brewery nearly fully let following Bunkers letting

The Brewery in Romford is now nearly at full occupancy following the letting to leisure operator Bunkers on a 15-year lease.

Taking an 11,281 sq ft unit, the arrival of Bunkers leaves just one vacant unit – which is currently under offer – at the scheme.

The competitive socialising venue is part of the Adventure Leisure Group – the operator of concepts such as Ninja Warrior UK, Mulligans, and Sidcup Family Golf. The group has 12 other locations across the UK, and is exploring its options in Ireland and other territories.

Bunkers at The Brewery will offer activities such as mini golf, electro darts, virtual reality games, pool, and shuffleboard. The venue’s food and drink offering includes a selection of cocktails, beers, pizzas, and nachos.

Bunkers will join an extensive food and beverage and leisure provision at the scheme, which is home to a 16-screen Vue Cinema, Namco, Zizi, Pizza Express, McDonalds, Starbucks, and Costa Coffee. Last year, Schroders Capital – which owns the asset alongside Zurich Investment Foundation Immobilien Europa Direkt – announced 14,642 sq ft of new lettings to tenants including Wagamama, Five Guys, and Turtle Bay.

Rob Cosslett, fund manager at Schroders Capital, said: “Since the acquisition of The Brewery in 2022, our dedicated Schroders Capital retail team have used its expertise to add significant value to the site. We have done this through securing a series of high-profile lettings with several well-performing retail, leisure, and F&B operators, as well as enhancing the visitor experience for customers, through public realm improvements. Our team have also improved the sustainability credentials of The Brewery through ongoing social value initiatives, the installation of new solar panels across several roofs due to complete in early 2024, and completion of a programme to upgrade to LED lighting throughout the common parts of the scheme.

“The arrival of Bunkers is another significant milestone for The Brewery and will act as another key footfall driver for the site. The letting is testament to our team’s partnership approach with tenants that gives us a strategic insight into how best to mould our assets to provide occupiers with what they need to ensure strong trading performances. With affordable rents and near full occupancy, The Brewery is an example of how our retail warehouse assets continue to create long term sustainable income growth and strong returns for our investors.”