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NEWS

Friars Walk sells at last Queensberry has successfully completed the sale of Friars Walk in Newport to Canadian investment company Talisker Corporation. The 390,000-sq ft mall opened in November 2015 with Debenhams as anchor supported by Next, M&S, River Island, Nando’s and Cineworld. In order to facilitate the project Newport City Council provided development finance and council leader Councillor Debbie Wilcox has welcomed the deal which will ensure the council can repay the loan it took out to finance the scheme in full.

Initially marketed at a reported £120m before the shopping centre investment market went into reverse in mid-2016, the centre

is likely to have fetched less than £100m. David Howard of Talisker said; “We are very excited about the

Three more sign at The Lexicon Bracknell

The Lexicon Bracknell has signed three new brands – Boots UK, Office and The Entertainer – ahead of its it opening in September 2017. With less than four months to go until opening the Lexicon is now 75.6 per cent pre-let or in solicitors’ hands by floorspace, with a further 64,400 sq ft in negotiations. Boots UK will open in a 19,500-sq ft two-floor flagship store, which will include Boots Opticians and Boots Hearingcare practices. High-street fashion footwear specialist Office is opening a 4,803-sq ft store on Braccan Walk, and the biggest independent toy retailer in the UK, The Entertainer, will be taking a 5,564-sq ft unit. Jessica Berney, head of UK retail at Schroder Real Estate, joint developer with Legal & General, said: “Work on site is progressing well towards our September 2017 opening. Fit-out works within M&S and Fenwick, our anchor stores, is rapidly progressing. The full line-up of brands being signed will make The Lexicon Bracknell the first choice for retail and leisure in Berkshire.” SHOPPING CENTRE JULY 2017

newest addition to our portfolio of UK properties. Friars Walk offers a modern, well thought out scheme with a secure income stream with a lot of potential for future growth.” Queensberry CEO Paul Sargent said: "It was always our intention to develop and sell on Friars Walk. I believe Friars Walk is at a good point as we move on. It has been successfully trading since November 2015. Last year it was awarded Revo’s coveted Gold Award for Best New Centre of 2015. Footfall is strong, averaging over 10 million visitors a year and tenants are reported as trading well.”

Double first for Elliott’s Field retail park Hammerson’s Elliott’s Field Phase II in Rugby has achieved two sustainability world firsts, having been awarded an interim Outstanding BREEAM rating in addition to becoming the first shopping park globally designed to be carbon neutral. Elliott’s Field Phase I, which opened in 2015, achieved a BREEAM Excellent rating, marking the first shopping park in Hammerson’s UK portfolio to receive this accreditation. Elliott’s Field Phase II has been designed to be carbon neutral in terms of its regulated consumption, with energy efficiency measures reducing the carbon emissions created by such sources as heating, hot water and cooling and on site renewable energy initiatives offsetting the remaining carbon emissions. Andrew Berger-North, director, UK retail parks at Hammerson, said, “Elliott’s Field Phase II marks a huge step forward for the business in its Net Positive sustainability objectives, and being credited with two world firsts is a fantastic result, demonstrative of the business’ dedication to its ambitious targets. Phase I set a benchmark for our portfolio and for the industry as a whole, and achieving BREEAM Outstanding for Phase II has raised the bar even higher. It is clear that with the implementation of forward thinking initiatives, and by encouraging retailers and contractors to get on board, we can achieve exceptional results and make a positive impact.” www.shopping-centre.co.uk

Shopping Centre July 2017  
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