Moorgarth signs three in Reading

Trio of lettings at Broad Street Mall, Reading

Asset manager Moorgarth Group has secured three new deals at its Broad Street Mall shopping centre in Reading.

Iceland is relocating from Weldale Street in the town centre and has taken a 9,000-sq ft unit, while New Look has renewed its existing lease having initially stated it wished to leave. New Look, which occupies 11,000 sq ft will also be relocating its menswear offer into the Broad Street Mall store from the nearby Oracle shopping centre. Poundland will relocate to a new 8,500-sq ft unit incorporating a former Poundworld store and an adjoining unit fronting Oxford Road. All three retailers have signed 10-year leases.

Iceland’s new store will be located in part of the space formerly occupied by Argos, which Moorgarth has split to create a mixed-use element to the scheme and enliven this prominent corner.

Moorgarth managing director Gary Lewis said: “This series of deals is testament to the appeal of Broad Street Mall and demonstrates that Moorgarth’s strategy of modernisation and broadening of the offers on site is attracting considerable attention.”

Letting agents are Hicks Baker and Knight Frank.

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