Crown Estate to buy future phases of Rushden Lakes

The Crown Estate has confirmed the unconditional purchase of three further phases totalling 215,000 sq ft at Rushden Lakes from developer LXB Retail Properties.

The new phases will bring the total size of Rushden Lakes to more than 445,000 sq ft. LXB is already on site with the future phases, with stores expected to start opening in 2019.

Phase two will see the creation of a new leisure development, offering more than 150,000 sq ft of space, with 11 restaurants, a 14-screen multiplex cinema from Cineworld, and five leisure units with Rock Up, the climbing and adventure centre, the latest to confirm its space.

In phases three and four an additional 65,000 sq ft of retail space will be added across two developments, and Wren Kitchens has confirmed a new 12,000-sq ft store. Additional new stores confirmed for phase one of Rushden Lakes include Jack Wills, Superdry and Card Factory.

Hannah Milne, director of regional retail at the Crown Estate, said: “Rushden Lakes is the first destination of its kind. This innovative new centre has proven incredibly popular with shoppers and we are delighted to be furthering our investment. Future phases of Rushden Lakes will continue to transform customer and shopper expectations, and set the standard for other destinations to aspire to.”

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