Leading International Retailer to Anchor Newlands Centre Refurbishment
Posted by Ellandi on 28th Jul 2016
The
UK’s leading Community Shopping Centre investor, Ellandi, has completed a
milestone deal to bring international fashion retailer, H&M, into the
Newlands Shopping Centre, Kettering.
The
tenant has entered a 15 year lease for a new anchor store of over 18,000 sq ft
which was created by taking a surrender of the WH Smith unit and relocating
Poundland within the recently refurbished scheme. The unit will be spread
across two levels providing a full range of ladies, men’s and childrenswear.
Alex
Brooker, Asset Management Director at Ellandi commented “This letting is a real
game changer for the scheme. This is as a result of Ellandi’s proactive
asset management strategy and follows a range of lettings including Pandora’s
arrival & JD Sports doubling their current store as well as the rebranding
of the scheme that took place last year.”
“A
further large unit is now available adjacent with complementary fashion
operators being targeted.”
The
letting comes in addition to H&M’s proposed store agreed at Rushden Lakes
scheme and the extension to their Corby unit, further demonstrating the
strength of Kettering’s role in Northamptonshire’s shopping hierarchy