Rockspring and the Other Retail Group secure 100,000 sqft of lettings at two UK shopping centres
Marks & Spencer has signed a 35 year lease to take 64,000 sqft at Eastgate Shopping Centre in Gloucester. The new store, which will take a unit previously occupied by Woolworths, will complement existing major tenants including H&M, Republic and JD Sports,. The shopping centre comprises 270,000 sqft of retail space, let to over fifty tenants, spread across two floors. Having acquired the shopping centre less than a year ago, this letting is part of a wider strategy of improving the tenant mix at the centre, as well as longer-term asset management initiatives, which includes the rebranding of the scheme entrances and reconfiguring and extending a number of the retail units.
Rockspring and The Other Retail Group have also secured Wilkinson's on a 15 year lease for 36,300 sqft at Howgate Shopping Centre in Falkirk. They will take a prime unit formerly occupied by Woolworths and will join anchor tenants including Marks & Spencer, New Look, Debenhams and Argos. The shopping centre comprises 190,000 sqft of retail space with 540 car parking spaces and dominates retailing in the town. The letting is part of a wider strategy to decrease void rates at the centre, improve the tenant mix and thereby increase footfall.
Eric Young & Co advised Rockspring and The Other Retail Group in Falkirk and KLM are the retained agents at Gloucester.
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