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

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