Springfields Outlet signs six new deals
Published: 07 October, 2011
Chester Properties has agreed six new lettings at its Springfields Outlet in Spalding, Lincolnshire
The scheme, which serves the East of England and northern part of East Anglia, has recently opened Body Shop, Jacques Vert, MBT Footwear and Lakeland Leather, and has exchanged with Trespass and Weird Fish.
Chester asset manages the Springfields scheme for UBS Triton Property Fund. The scheme has seen an average growth of nearly 20 per cent pa under Chester’s stewardship and these recent asset management initiatives are set to help continue that trend.
Body Shop has taken 1,026 sq ft, Jacques Vert 1,869 sq ft, Lakeland 2,012 sq ft, MBT 686 sq ft, Trespass 2,285 sq ft and Weird Fish 1,329 sq ft.
Ian Sanderson, director of outlets for Chester Properties, said “Springfields now boasts a very attractive retail line up with our leisure attractions and facilities proving evermore popular with customers. Research shows there is further scope for significant increases in turnover”.
All leases are on a base rent plus turnover rent top up, with lease terms of up to ten years.
Letting agents on the scheme are CHD and Knight Frank London Office, with Chester Properties taking a very active role.
