Trio of tenants sign at Parkway
Published: 30 March, 2011
Parkway, Standard Life Investments’ 475,000-sq ft mixed-use scheme in Newbury is 57 per cent pre-let after three new lettings.
Paperchase, Fat Face and Costa have all signed 10-year leases in readiness for the centre opening in October 2011.
Paperchase, which is new to Newbury, has taken a 3,100-sq ft unit over two floors, while Fat Face has committed to a 3,600-sq ft unit also on two floors. Both will be situated in the scheme’s main mall, Middle Street. Costa has taken a 2,982-sq ft unit with an additional external seating area on East Street, which leads to the town’s current prime pitch on Northbrook Street.
The retailers are set to open at Parkway alongside anchor tenants Debenhams and M&S together with, amongst others, H&M, New Look, Topshop, Jones Bootmaker, Lakeland and Barclays.
Ed Jenkins, head of UK retail at Standard Life Investments, said: “With over 57 per cent now let or in solicitor’s hands, and knowing what other negotiations are advancing, our tenant mix is really taking shape and we look forward to opening a successful scheme in October.”
Parkway is one of only three new shopping centres scheduled to open in the UK in 2011 and will deliver 295,000 sq ft of shops and restaurants, a 621 space shoppers car park, and 147 stylish new apartments.
Shearer Property Group is development manager for Parkway are. Letting agents are Strutt & Parker and Jones Lang LaSalle. CBRE acted on behalf of Paperchase, MSBL represented Fat Face and Briant Champion Long acted on behalf of Costa.
