Debs decides on Eldon deal
Published: 13 September, 2006
Debenhams is to anchor Capital Shopping Centres' Southern Gateway redevelopment at Eldon Square shopping centre in Newcastle. The 180,000 sq ft store will trade on four levels and create an anchor for the new single-level mall extension, which will have 30 large shops, trading on two levels.
Kay Chaldecott, managing director of CSC, said: "We are delighted that a major Debenhams department store will be opening in this location, extending the prime pitch in Eldon Square right through from Northumberland Street. The Southern gateway provides large units to respond to retailer demand to have flagship stores in one of the UK's prime shopping destinations."
Elsewhere in Eldon Square, work is already underway on ES North, where new shops and restaurants will open in autumn 2006, and ES West, which will bring an additional street level mall linking Old Eldon Square to the new bus station, and connecting to the existing mall above. In all, 480,000 sq ft of new retail space is being created, a net increase of 325,000 sq ft.
