Hercules strengthens Deepdale offer
Published: 05 April, 2011
Hercules Unit Trust secures three new deals at Deepdale shopping park, Preston’s prime out of town shopping location
Hercules Unit Trust, advised by British Land and managed by Schroders, has announced three new deals featuring Marks & Spencer, WH Smith and Clarks for Deepdale Shopping Park.
Marks & Spencer has taken an additional 5,000 sq ft at ground floor level to create a store totaling 24,471 sq ft. This will accommodate a new enlarged mezzanine and food hall. Clarks has moved into a larger 5,000 sq ft unit, formerly partly occupied by WH Smith, which has also moved to a new 5,000 sq ft store.
John Maddison, asset manager at British Land, said: “These new lettings have created a new and improved experience for shoppers in Preston and offer a good mix of lifestyle brands, especially with the exciting addition of the Marks & Spencer food hall.”
Wilkinson Williams & Harvey Spack Field acted on behalf of HUT across the three deals and CBRE represented Marks & Spencer. Curson Sowerby Partners acted on behalf of Clarks and DTZ represented WH Smith.
