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NEWS

In brief...

Land Securities in rebrand Land Securities Group, the UK’s largest listed real estate company, is to operate under the Landsec brand, building on its philosophy ‘Everything is experience.’ Chief executive Robert Noel said: “In a world where people have many choices about where they shop, dine, work, live or spend time, it’s experience that matters. This is a natural evolution; in fact, people often refer to us as Landsec already. The focus on experience isn’t a new approach, it’s just a clearer way of explaining what matters to us. Our updated brand reflects our culture, our people and our approach, putting the experience of our customers, communities, employees and partners at the heart of everything we do.”

Meadowhall plans revised by BL British Land has cut the size of its planned £300m extension to Meadowhall after objections from other centres in the region. The revised application sees the removal of a food store and four cinema screens from the original plans. BL has also accepted restrictions on change of use of the existing leisure and catering space including the Vue cinema and the Oasis dining area.

Superdry signs Watford pre-let Superdry is the latest retailer to join intu’s multi-million pound redevelopment and extension project in Watford town centre. The British lifestyle brand will open a 6,630-sq ft store in the 400,000-sq ft extension to intu Watford which, when it opens in 2018, is set to place the town alongside Edinburgh and Bristol in CACI’s top 20 national retail destinations ranking. The extension, to be anchored by a 113,000-sq ft Debenhams store, is now around two-thirds let with Hollywood Bowl, Cineworld and a range of family friendly restaurants such as TGI Friday, Las Iguanas and Byron among leisure brands to have also signed up for space.

www.shopping-centre.co.uk

Further signings at Westgate Oxford The Westgate Oxford Alliance has unveiled Westgate Social, a new food and leisure experience at the UK’s next large-scale fashion and leisure destination, Westgate Oxford. Westgate Social will be home to six foodie favourites and will be anchored by Junkyard Golf Club. Vendors already confirmed include Mexican restaurant, Benito’s Hat, Indian street food vendor Rola Wala and Shawa Lebanese’s Grill, with more to be announced in the coming weeks. The £440m Westgate Oxford development has also been bolstered by the new addition of international brands Timberland and Vans, as well as best of British retailers Neal’s Yard Remedies, Hobbs, Oliver Bonas and Loake Shoemakers. Emma Mees, senior portfolio manager at

Landsec, said: “With Westgate Social, we aim to lead the charge for next generation retail destinations by bringing our scheme in line with the rapidly changing lifestyle habits of UK and global consumers. We look forward to opening our doors in less than five months on 24th October.” Davis Coffer Lyons advises Westgate Oxford on restaurant property leasing.

Dolphin refurb signed off LGIM Real Assets has signed an agreement with the Borough of Poole that unlocks a £26m programme of investment at the Dolphin centre, Dorset’s largest covered shopping destination. Plans include bringing further improved retail and dining choices to the centre. The agreement restructures the existing headlease arrangements into a single, longer lease and allows LGIM Real Assets to bring forward an 18-month improvement programme due to complete by the end of 2018. Significant improvements will be made to the internal malls and entrances of the centre, as well as to the public realm and facades of Falkland Square and Kingland Crescent. At the same time the council will be investing £1.5m into upgrading the multi -storey car park, which it owns. Mark Russell, senior fund manager at LGIM Real Assets, said: “We are poised to reposition the scheme in terms of ambience and offer, bringing new trading fascias into the centre and significantly improving the facilities available to our customers.”

JULY 2017 SHOPPING CENTRE

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Shopping Centre July 2017  
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